Union Pacific EVP Rocker acquires shares via ESPP

UNION PACIFIC CORP executive Kenyatta G Rocker, EVP Marketing & Sales, acquired 2.545 shares of common stock on 2026-08-10 at $292.24 per share through the 2021 Employee Stock Purchase Plan, held indirectly by spouse.

Rhea-AI Filing Summary

UNION PACIFIC CORP executive Kenyatta G Rocker, EVP Marketing & Sales, acquired 2.545 shares of common stock on 2026-08-10 at $292.24 per share through the 2021 Employee Stock Purchase Plan, held indirectly by spouse. After this, spouse holdings were 1,308.6157 shares. On the same date, Rocker reported 61,133.1447 shares held directly, plus indirect holdings of 350.0000 shares in a Deferral Account and 2,049.9627 shares in a managed account that includes payroll-based, tax-reduction stock ownership plans and a 401(k) plan.

Insider Trade Summary

Grant/Award: 2.545 shares

Grant/Award 4 txns

Insider Rocker Kenyatta G

Role EVP MARKETING & SALES

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	2.545	$292.24	$743.75
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 1,308.6157 shares (Indirect, by Spouse); Common Stock — 61,133.1447 shares (Direct); Common Stock — 350 shares (Indirect, By Deferral Account); Common Stock — 2,049.9627 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

ESPP shares acquired: 2.545 shares Acquisition price: $292.2400 per share Spouse indirect holdings: 1,308.6157 shares +3 more

6 metrics

ESPP shares acquired 2.545 shares Common Stock acquired on 2026-08-10 pursuant to the 2021 Employee Stock Purchase Plan

Acquisition price $292.2400 per share Price for ESPP acquisition of 2.545 Common Stock shares

Spouse indirect holdings 1,308.6157 shares Total Common Stock held indirectly by spouse following the acquisition

Direct holdings 61,133.1447 shares Common Stock held directly by Kenyatta G Rocker as of 2026-08-10

Deferral Account holdings 350.0000 shares Common Stock held indirectly through a Deferral Account

Managed Account holdings 2,049.9627 shares Indirect Common Stock holdings via managed account including payroll-based and 401(k) plans

Key Terms

Employee Stock Purchase Plan, Deferral Account, Payroll-based and Tax-reduction stock ownership plans, 401(k) plan

4 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.

Deferral Account financial

"nature_of_ownership": "By Deferral Account""

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

"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.

FAQ

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

What did UNP executive Kenyatta G Rocker report in this Form 4?

Kenyatta G Rocker reported acquiring 2.545 Union Pacific common shares at $292.24 per share via the 2021 Employee Stock Purchase Plan, held indirectly by spouse, and disclosed updated direct and indirect share holdings as of 2026-08-10.

How many Union Pacific (UNP) shares did Kenyatta G Rocker acquire?

Rocker acquired 2.545 Union Pacific common shares. The acquisition was a grant, award, or other acquisition coded “A” and occurred through the 2021 Employee Stock Purchase Plan, with the shares held indirectly by Rocker’s spouse.

What is Kenyatta G Rocker’s direct Union Pacific (UNP) shareholding after the transactions?

After the reported updates, Rocker held 61,133.1447 Union Pacific common shares directly. Additional indirect holdings were reported separately in a spouse account, a Deferral Account, and a managed account linked to payroll-based and 401(k) stock ownership programs.

What indirect Union Pacific (UNP) holdings did Kenyatta G Rocker disclose?

Rocker disclosed indirect holdings of 1,308.6157 shares by spouse, 350.0000 shares through a Deferral Account, and 2,049.9627 shares in a managed account that includes payroll-based, tax-reduction stock ownership plans and a 401(k) plan.

Was Kenyatta G Rocker’s Union Pacific (UNP) share acquisition under a 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnote states the 2.545-share acquisition was a purchase under the 2021 Employee Stock Purchase Plan, not described as part of a separate trading plan.

At what price were the new Union Pacific (UNP) shares acquired by Kenyatta G Rocker?

The 2.545 newly acquired Union Pacific shares were purchased at $292.24 per share. This acquisition occurred on 2026-08-10 and was executed pursuant to Union Pacific’s 2021 Employee Stock Purchase Plan, with the shares held indirectly by Rocker’s spouse.

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

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Accepted by SEC EDGAR 08/11/2026 - 03:30 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)
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)		2.545	A	$292.24	1,308.6157	I	by Spouse
Common Stock								61,133.1447	D
Common Stock								350	I	By Deferral Account
Common Stock(2)								2,049.9627	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	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)