Union Pacific EVP adds shares via employee plan

UNION PACIFIC CORP executive Kenyatta G. Rocker increased his holdings of Common Stock through the company’s employee plans.

Rhea-AI Filing Summary

UNION PACIFIC CORP executive Kenyatta G. Rocker increased his holdings of Common Stock through the company’s employee plans. On April 10, 2026, he acquired 13.971 shares at $250.51 per share pursuant to the 2021 Employee Stock Purchase Plan, bringing his directly held stake to 61,101.9337 shares.

On the same date, an additional 2.969 shares at $250.51 per share were acquired and are held indirectly by his spouse, raising that balance to 1,295.5706 shares. He also has indirect holdings of 350 shares in a deferral account and 2,041.5614 shares in a managed account, which include shares held in Union Pacific’s payroll-based and tax-reduction stock ownership plans and 401(k) plan.

Insider Trade Summary

Grant/Award: 16.94 shares

Grant/Award 4 txns

Insider Rocker Kenyatta G

Role EVP MARKETING & SALES

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	13.971	$250.51	$3K
Grant/Award	Common Stock	2.969	$250.51	$743.76
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 61,101.9337 shares (Direct); Common Stock — 1,295.5706 shares (Indirect, by Spouse); Common Stock — 350 shares (Indirect, By Deferral Account); Common Stock — 2,041.5614 shares (Indirect, by Managed Account)

Footnotes (2)

1. F1. Purchase pursuant to the 2021 Employee Stock Purchase Plan.
2. F2. Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.

Key Figures

Direct shares acquired: 13.971 shares at $250.51 Indirect spouse shares acquired: 2.969 shares at $250.51 Direct holdings after transaction: 61,101.9337 shares +3 more

6 metrics

Direct shares acquired 13.971 shares at $250.51 Common Stock acquired on April 10, 2026 via 2021 Employee Stock Purchase Plan

Indirect spouse shares acquired 2.969 shares at $250.51 Common Stock held indirectly by spouse on April 10, 2026

Direct holdings after transaction 61,101.9337 shares Total Union Pacific Common Stock held directly after April 10, 2026

Spouse indirect holdings after transaction 1,295.5706 shares Common Stock held indirectly by spouse after April 10, 2026

Deferral account holdings 350.0000 shares Common Stock held indirectly by deferral account after April 10, 2026

Managed account holdings 2,041.5614 shares Common Stock held indirectly by managed account after April 10, 2026

Key Terms

2021 Employee Stock Purchase Plan, Payroll-based and Tax-reduction stock ownership plans, 401(k) plan, deferral account, +1 more

5 terms

2021 Employee Stock Purchase Plan financial

"Purchase pursuant to the 2021 Employee Stock Purchase Plan."

Payroll-based and Tax-reduction stock ownership plans financial

"Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans"

401(k) plan financial

"Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan."

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

deferral account financial

"total_shares_following_transaction": "350.0000", "nature_of_ownership": "By Deferral Account""

managed account financial

"total_shares_following_transaction": "2041.5614", "nature_of_ownership": "by Managed Account""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Union Pacific (UNP) EVP Kenyatta Rocker report in this Form 4?

Kenyatta G. Rocker reported acquiring additional Union Pacific Common Stock through company plans. He received 13.971 shares directly and 2.969 shares indirectly via his spouse, both at $250.51 per share, modestly increasing his overall ownership position in the company.

How many Union Pacific (UNP) shares does Kenyatta Rocker now hold directly and indirectly?

After these transactions, Kenyatta Rocker holds 61,101.9337 Union Pacific shares directly. Indirectly, he has 1,295.5706 shares through his spouse, 350 shares in a deferral account, and 2,041.5614 shares in a managed account, reflecting multiple plan-related holdings.

What is the source of the new Union Pacific (UNP) shares acquired by Kenyatta Rocker?

The new Union Pacific shares were acquired pursuant to the 2021 Employee Stock Purchase Plan. This plan allows eligible employees to purchase company stock, so the reported acquisitions reflect plan participation rather than open-market trading or option exercises.

At what price were the newly acquired Union Pacific (UNP) shares recorded?

Both the direct and indirect acquisitions were recorded at $250.51 per share. Specifically, 13.971 shares and 2.969 shares of Union Pacific Common Stock were attributed this price, consistent with the transactions reported under the employee stock purchase arrangement.

How are Kenyatta Rocker’s indirect Union Pacific (UNP) holdings structured?

Indirect holdings include 1,295.5706 shares held by his spouse, 350 shares in a deferral account, and 2,041.5614 shares in a managed account. These balances also include shares in Union Pacific’s payroll-based and tax-reduction stock ownership plans and its 401(k) plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/13/2026 - 05:37 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Rocker Kenyatta G

(Last) (First) (Middle)

1400 DOUGLAS STREET

(Street)

OMAHA NEBRASKA 68179

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UNION PACIFIC CORP [ UNP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP MARKETING & SALES

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/10/2026		A(1)		13.971	A	$250.51	61,101.9337	D
Common Stock	04/10/2026		A(1)		2.969	A	$250.51	1,295.5706	I	by Spouse
Common Stock								350	I	By Deferral Account
Common Stock(2)								2,041.5614	I	by Managed Account

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Purchase pursuant to the 2021 Employee Stock Purchase Plan.

2. Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.

	By: Trevor L. Kingston, Attorney-in-Fact For: Kenyatta G. Rocker	04/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)