Union Pacific EVP Christina Conlin Adds Shares via Employee Stock Plan

Union Pacific Corporation executive Christina B. Conlin, EVP Chief Legal Officer & Corp, reported a small purchase of company common stock through an employee program.

Rhea-AI Filing Summary

Union Pacific Corporation executive Christina B. Conlin, EVP Chief Legal Officer & Corp, reported a small purchase of company common stock through an employee program. On January 10, 2026, she acquired 0.211 shares of Union Pacific common stock at a price of $228.44 per share. The filing notes this was a purchase pursuant to the 2021 Employee Stock Purchase Plan, indicating it was made under a company-sponsored plan rather than an open-market trade. Following this transaction, Conlin beneficially owned a total of 5,233.834 shares of Union Pacific common stock in direct ownership.

Insider Trade Summary

Grant/Award: 0.211 shares

Grant/Award 1 txn

Insider Conlin Christina B

Role EVP CHIEF LEGAL OFFICER & CORP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	0.211	$228.44	$48.20

Holdings After Transaction: Common Stock — 5,233.834 shares (Direct)

Footnotes (1)

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

FAQ

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

What insider transaction did Union Pacific (UNP) report for Christina B. Conlin?

Union Pacific reported that Christina B. Conlin, EVP Chief Legal Officer & Corp, acquired 0.211 shares of Union Pacific common stock on January 10, 2026.

At what price were the Union Pacific (UNP) shares acquired by Christina B. Conlin?

The shares were acquired at a price of $228.44 per share, as disclosed in the insider transaction report.

How many Union Pacific (UNP) shares does Christina B. Conlin own after this transaction?

After the reported purchase, Christina B. Conlin beneficially owns 5,233.834 shares of Union Pacific common stock in direct ownership.

Was the Union Pacific (UNP) insider transaction part of an employee stock plan?

Yes. The filing explains that the purchase was made pursuant to the 2021 Employee Stock Purchase Plan, indicating it occurred under a company-sponsored plan.

What is Christina B. Conlin’s role at Union Pacific (UNP)?

Christina B. Conlin is identified as an Officer of Union Pacific with the title EVP Chief Legal Officer & Corp.

Is Christina B. Conlin’s ownership in Union Pacific (UNP) direct or indirect?

The Form 4 indicates that her 5,233.834 shares of Union Pacific common stock are held in direct (D) ownership.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 01/12/2026 - 02:50 PM EST 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^*

Conlin Christina B

(Last) (First) (Middle)

1400 DOUGLAS STREET

(Street)

OMAHA NE 68179

(City) (State) (Zip)

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 LEGAL OFFICER & CORP

3. Date of Earliest Transaction (Month/Day/Year)
01/10/2026

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

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

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

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	01/10/2026		A(1)		0.211	A	$228.44	5,233.834	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: Christina B. Conlin	01/12/2026
	** 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.