Union Pacific (NYSE: UNP) EVP adds shares through 2021 employee stock plan

Rhea-AI Filing Summary

UNION PACIFIC CORP executive Rahul Jalali increased his holdings through an employee stock purchase. On 2026-06-10, the EVP & Chief Information Officer acquired 8.988 shares of common stock at $267.03 per share under the 2021 Employee Stock Purchase Plan. Following this routine compensation-related acquisition, his direct ownership rose to 33,114.382 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jalali Rahul

Role EVP & CHIEF INFORMATION OFFICE

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8.988	$267.03	$2K

Holdings After Transaction: Common Stock — 33,114.382 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 8.988 shares Price per share: $267.03 per share Post-transaction holdings: 33,114.382 shares +1 more

4 metrics

Shares acquired 8.988 shares Common stock acquired on June 10, 2026

Price per share $267.03 per share Transaction price for acquired shares

Post-transaction holdings 33,114.382 shares Direct ownership after acquisition

Transaction type Grant/award acquisition Code A under Form 4, employee stock purchase plan

Key Terms

Employee Stock Purchase Plan, Form 4, grant/award acquisition

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.

Form 4 regulatory

"This Form 4 reports an acquisition of Union Pacific common stock."

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.

grant/award acquisition financial

"The transaction code A is described as a grant, award, or other acquisition."

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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^*

Jalali Rahul

(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 & CHIEF INFORMATION OFFICE

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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	06/10/2026		A(1)		8.988	A	$267.03	33,114.382	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: Rahul Jalali	06/11/2026
	** 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)

FAQ

What did Union Pacific (UNP) executive Rahul Jalali report in this Form 4?

Rahul Jalali reported acquiring 8.988 Union Pacific common shares on June 10, 2026. The shares were obtained at $267.03 each through the 2021 Employee Stock Purchase Plan, modestly increasing his direct ownership stake in the company.

How many Union Pacific (UNP) shares does Rahul Jalali hold after this transaction?

After the transaction, Rahul Jalali directly holds 33,114.382 Union Pacific common shares. This reflects the addition of 8.988 shares purchased through the 2021 Employee Stock Purchase Plan, highlighting that the reported acquisition is small compared with his overall position.

What was the price paid per Union Pacific (UNP) share in Jalali’s acquisition?

The acquisition was reported at a transaction price of $267.03 per Union Pacific share. This price applies to the 8.988 shares obtained under the 2021 Employee Stock Purchase Plan on June 10, 2026, as disclosed in the Form 4 filing.

Is Rahul Jalali’s Union Pacific (UNP) Form 4 transaction an open-market trade?

No, the filing indicates the shares were acquired under the 2021 Employee Stock Purchase Plan. That means the 8.988 shares were obtained through a company compensation program rather than a discretionary open-market purchase on a stock exchange.

What role does Rahul Jalali hold at Union Pacific (UNP)?

Rahul Jalali serves as Executive Vice President and Chief Information Officer at Union Pacific. His Form 4 reflects a small acquisition of 8.988 common shares through the 2021 Employee Stock Purchase Plan, bringing his direct ownership to 33,114.382 shares.