UNION PACIFIC (UNP) CEO acquires shares through employee stock purchase plan

Rhea-AI Filing Summary

UNION PACIFIC CORP chief executive officer Vincenzo J. Vena reported a small acquisition of company common stock through an employee plan. On April 10, 2026, he acquired 11.976 shares of common stock at $250.51 per share, pursuant to the 2021 Employee Stock Purchase Plan, bringing his direct holdings to about 220,694.91 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Vena Vincenzo J

Role CHIEF EXECUTIVE OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	11.976	$250.51	$3K

Holdings After Transaction: Common Stock — 220,694.91 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 11.976 shares Price per share: $250.51 per share Shares owned after transaction: 220,694.91 shares

3 metrics

Shares acquired 11.976 shares Common Stock acquired on April 10, 2026

Price per share $250.51 per share Acquisition price under 2021 Employee Stock Purchase Plan

Shares owned after transaction 220,694.91 shares Direct Common Stock holdings following acquisition

Key Terms

Employee Stock Purchase Plan, Common Stock, Form 4

3 terms

Employee Stock Purchase Plan financial

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

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Vena Vincenzo J

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

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)		11.976	A	$250.51	220,694.91	D

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.

	By: Trevor L. Kingston, Attorney-in-Fact For: Vincenzo J. Vena	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)

FAQ

What insider transaction did UNP CEO Vincenzo Vena report on this Form 4?

UNION PACIFIC CORP CEO Vincenzo J. Vena reported acquiring 11.976 shares of common stock. The shares were obtained at $250.51 each under the 2021 Employee Stock Purchase Plan, reflecting a routine, compensation-related increase in his direct ownership.

Was the UNP CEO’s recent Form 4 transaction an open-market stock purchase?

No, the CEO’s acquisition was not an open-market purchase. The 11.976 shares of UNION PACIFIC CORP common stock were obtained pursuant to the 2021 Employee Stock Purchase Plan, indicating a plan-based, compensation-related transaction rather than a discretionary market trade.

How many UNION PACIFIC (UNP) shares does the CEO hold after this transaction?

After this transaction, CEO Vincenzo J. Vena directly holds 220,694.91 shares of UNION PACIFIC CORP common stock. The Form 4 shows this total under “shares owned following the reported transaction,” reflecting his post-acquisition direct ownership position in the company.

What was the price per share in the UNP CEO’s reported stock acquisition?

The CEO’s reported acquisition was priced at $250.51 per share. He obtained 11.976 shares of UNION PACIFIC CORP common stock at this price through the 2021 Employee Stock Purchase Plan, according to the Form 4 transaction details and associated footnote disclosure.

What does the 2021 Employee Stock Purchase Plan mean for UNP insiders?

The 2021 Employee Stock Purchase Plan allows eligible UNION PACIFIC CORP insiders and employees to acquire company shares through a structured program. The CEO’s 11.976-share acquisition at $250.51 was reported as occurring under this plan, highlighting its role in building insider equity ownership.