Union Pacific: Rocker's spouse buys 3 shares

The EVP Marketing & Sales’ acquired shares were attributed indirectly through a spouse, while other direct and account-based positions were also reported.

Rhea-AI Filing Summary

Union Pacific Corp. EVP Marketing & Sales Kenyatta G. Rocker reported an indirect acquisition by spouse of 3 common shares on October 10, 2026, at $278.34 per share; the footnote describes it as a purchase pursuant to the 2021 Employee Stock Purchase Plan. The spouse-held position after the transaction was 1,316 shares. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Grant/Award: 2.673 shares

Grant/Award 4 txns

Insider Rocker Kenyatta G

Role EVP MARKETING & SALES

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	2.673	$278.34	$744.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--

Holdings After Transaction: Common Stock — 1,315.8227 shares (Indirect, by Spouse); Common Stock — 60,702.1447 shares (Direct); Common Stock — 350 shares (Indirect, By Deferral Account); Common Stock — 2,050.6023 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

Common shares acquired: 3 shares Acquisition price per share: $278.34 per share Spouse-held position after transaction: 1,316 shares +3 more

6 metrics

Common shares acquired 3 shares Indirectly by spouse on October 10, 2026

Acquisition price per share $278.34 per share October 10, 2026

Spouse-held position after transaction 1,316 shares October 10, 2026

Direct common shares reported 60,702 shares October 10, 2026

Deferral account shares reported 350 shares October 10, 2026

Managed account shares reported 2,051 shares October 10, 2026; includes holdings in company stock ownership plans and 401(k) plan

Key Terms

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

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.

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.

How many UNP shares did Kenyatta G. Rocker acquire, and at what price?

Rocker reported an indirect acquisition by spouse of 3 common shares on October 10, 2026, at $278.34 per share. The footnote describes the transaction as a purchase pursuant to the 2021 Employee Stock Purchase Plan, and the spouse-held position afterward was 1,316 shares.

What other UNP share positions were reported for Kenyatta G. Rocker?

Separate reported positions were 60,702 common shares held directly, 350 shares in a deferral account, and 2,051 shares in a managed account. The managed-account footnote says it includes holdings in Union Pacific’s Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/20/2026 - 11:14 AM EDT Accepted by SEC EDGAR 10/20/2026 - 11:14 AM 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)
10/10/2026

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	10/10/2026		A(1)		2.673	A	$278.34	1,315.8227	I	by Spouse
Common Stock								60,702.1447	D
Common Stock								350	I	By Deferral Account
Common Stock(2)								2,050.6023	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	10/20/2026
	** 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)