Union Pacific VP acquires shares via ESPP

UNION PACIFIC CORP officer Carrie J. Powers, VP & Controller, acquired 5.407 shares of common stock on 2026-08-10 at $292.24 per share, described as a purchase under the 2021 Employee Stock Purchase Plan.

Rhea-AI Filing Summary

UNION PACIFIC CORP officer Carrie J. Powers, VP & Controller, acquired 5.407 shares of common stock on 2026-08-10 at $292.24 per share, described as a purchase under the 2021 Employee Stock Purchase Plan. Following this, she directly holds 8,141.309 shares and indirectly holds 967.866 shares through a managed account.

Insider Trade Summary

Grant/Award: 5.407 shares

Grant/Award 2 txns

Insider Powers Carrie J

Role VP & CONTROLLER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	5.407	$292.24	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,141.309 shares (Direct); Common Stock — 967.866 shares (Indirect, by Managed Account)

Footnotes (1)

1. F1. Purchase pursuant to the 2021 Employee Stock Purchase Plan.

Key Figures

Shares acquired: 5.407 shares Acquisition price: $292.24 per share Direct holdings after transaction: 8,141.309 shares +1 more

4 metrics

Shares acquired 5.407 shares Common stock acquired on 2026-08-10 under 2021 Employee Stock Purchase Plan

Acquisition price $292.24 per share Price for 5.407 shares of common stock acquired on 2026-08-10

Direct holdings after transaction 8,141.309 shares Direct UNION PACIFIC CORP common stock held by Carrie J. Powers after acquisition

Indirect holdings after transaction 967.866 shares Indirect holdings reported as held by Managed Account

Key Terms

2021 Employee Stock Purchase Plan, Managed Account, Grant, award, or other acquisition

3 terms

2021 Employee Stock Purchase Plan financial

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

Managed Account financial

"total_shares_following_transaction 967.8660, nature_of_ownership by Managed Account"

Grant, award, or other acquisition financial

"transaction_code_description Grant, award, or other acquisition"

FAQ

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

What insider transaction did UNION PACIFIC (UNP) report for Carrie J. Powers?

UNION PACIFIC (UNP) reported that VP & Controller Carrie J. Powers acquired 5.407 shares of common stock on 2026-08-10, at a price of $292.24 per share, under the 2021 Employee Stock Purchase Plan.

How many UNION PACIFIC (UNP) shares does Carrie J. Powers hold after this transaction?

After the reported transaction, Carrie J. Powers holds 8,141.309 UNION PACIFIC (UNP) shares directly and 967.866 shares indirectly through a managed account, according to the Form 4 filing data.

What was the price paid per UNION PACIFIC (UNP) share in the August 10, 2026 transaction?

The acquisition price was $292.24 per share for 5.407 shares of UNION PACIFIC (UNP) common stock, described as a purchase under the 2021 Employee Stock Purchase Plan on 2026-08-10.

Was the UNION PACIFIC (UNP) transaction by Carrie J. Powers under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed. The footnote instead states the shares were purchased pursuant to the 2021 Employee Stock Purchase Plan, which is an employee stock purchase arrangement.

Are any of Carrie J. Powers’ UNION PACIFIC (UNP) holdings indirect?

Yes. In addition to direct holdings, 967.866 shares of UNION PACIFIC (UNP) common stock are reported as held indirectly “by Managed Account,” reflecting ownership through a managed account structure.

What type of transaction code appears on the UNION PACIFIC (UNP) Form 4 for this acquisition?

The Form 4 for UNION PACIFIC (UNP) lists transaction code “A”, described as a grant, award, or other acquisition, with a footnote clarifying it was a purchase under the 2021 Employee Stock Purchase Plan.

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

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Accepted by SEC EDGAR 08/11/2026 - 03:29 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^*

Powers Carrie 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & CONTROLLER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

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	08/10/2026		A(1)		5.407	A	$292.24	8,141.309	D
Common Stock								967.866	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.

	By: Trevor L. Kingston, Attorney-in-Fact For: Carrie J. Powers	08/11/2026
	** 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)