STOCK TITAN

Union Pacific (UNP) EVP Kenyatta Rocker reports stock awards under purchase plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Union Pacific Corp executive Kenyatta G. Rocker, EVP Marketing & Sales, reported compensation-related acquisitions of common stock on July 10, 2026. Indirectly, 2.592 shares held by a spouse and 4.879 shares held directly were acquired at $286.96 per share, described as purchases under the 2021 Employee Stock Purchase Plan. Following these transactions, Rocker holds 61,133.1447 shares directly and additional indirect interests, including 1,305.7853 shares via a spouse, 2,048.6451 shares in a managed account, and 350 shares in a deferral account.

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Insider Rocker Kenyatta G
Role EVP MARKETING & SALES
Type Security Shares Price Value
Grant/Award Common Stock 4.879 $286.96 $1K
Grant/Award Common Stock 2.592 $286.96 $743.80
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 61,133.145 shares (Direct); Common Stock — 1,305.785 shares (Indirect, by Spouse)
Footnotes (1)
  1. Purchase pursuant to the 2021 Employee Stock Purchase Plan. Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.
Direct shares after transaction 61,133.1447 shares Common Stock directly owned following A-code acquisition on July 10, 2026
Spouse indirect shares after transaction 1,305.7853 shares Common Stock indirectly owned by spouse following A-code acquisition
Managed account holdings 2,048.6451 shares Common Stock indirectly owned through a managed account after reported transactions
Deferral account holdings 350.0000 shares Common Stock indirectly owned through a deferral account after reported transactions
Shares acquired via spouse 2.5920 shares A-code grant or award acquisition at $286.96 per share, indirectly by spouse
Shares acquired directly 4.8790 shares A-code grant or award acquisition at $286.96 per share, held directly
Acquisition price $286.9600 per share Price for Common Stock acquired under the 2021 Employee Stock Purchase Plan
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
"Common Stock held indirectly By Deferral Account as reported on July 10, 2026."
Payroll-based and Tax-reduction stock ownership plans financial
"Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan."
401(k) plan financial
"Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans 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.
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FAQ

What did Union Pacific (UNP) EVP Kenyatta G. Rocker report in this Form 4?

Kenyatta G. Rocker reported compensation-related acquisitions of Union Pacific common stock, including 4.879 shares acquired directly and 2.592 shares acquired indirectly through a spouse, both at $286.96 per share under an employee stock purchase plan.

How many Union Pacific (UNP) shares does Kenyatta G. Rocker hold directly after the reported transactions?

After the reported transactions, Kenyatta G. Rocker holds 61,133.1447 shares of Union Pacific common stock directly. This figure reflects his direct ownership position following the A-code grant or award acquisition recorded on July 10, 2026.

What indirect Union Pacific (UNP) holdings does Kenyatta G. Rocker report?

Rocker reports indirect holdings of 1,305.7853 shares through a spouse, 2,048.6451 shares via a managed account, and 350 shares through a deferral account. These positions are reported as indirect ownership of Union Pacific common stock.

Was the Union Pacific (UNP) stock acquired by Kenyatta G. Rocker an open-market purchase?

No. The filing describes the acquisitions as pursuant to the 2021 Employee Stock Purchase Plan, coded as A for grant, award, or other acquisition, rather than an open-market purchase, and priced at $286.96 per share.

What is the transaction code used in Kenyatta G. Rocker’s Union Pacific (UNP) Form 4?

The Form 4 uses transaction code A for the reported acquisitions, which denotes a grant, award, or other acquisition of Union Pacific common stock, rather than a discretionary market buy or sell transaction.

Does this Union Pacific (UNP) Form 4 show any stock sales by Kenyatta G. Rocker?

No. The transaction summary shows no sell transactions, with two acquisition entries coded as grants or awards and additional entries that simply reflect holding balances in indirect accounts.
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP MARKETING & SALES
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/10/2026A(1)4.879A$286.9661,133.1447D
Common Stock07/10/2026A(1)2.592A$286.961,305.7853Iby Spouse
Common Stock350IBy Deferral Account
Common Stock(2)2,048.6451Iby 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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. Rocker07/13/2026
** Signature of Reporting PersonDate
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)