Union Pacific CFO acquires shares via ESPP

UNION PACIFIC CORP executive Jennifer L. Hamann, the EVP & Chief Financial Officer, acquired additional common stock through an employee program.

Rhea-AI Filing Summary

UNION PACIFIC CORP executive Jennifer L. Hamann, the EVP & Chief Financial Officer, acquired additional common stock through an employee program. On April 10, 2026, she received 9.2810 shares at $250.5100 per share, described as a purchase under the 2021 Employee Stock Purchase Plan.

After this award, Hamann directly holds 116,641.8656 shares of Union Pacific common stock. The filing also reports an indirect holding of 5,686.7760 shares classified as held "By Deferral Account." The transaction is characterized as a grant or award acquisition rather than an open-market trade.

Insider Trade Summary

Grant/Award: 9.281 shares

Grant/Award 2 txns

Insider Hamann Jennifer L

Role EVP & CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9.281	$250.51	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 116,641.8656 shares (Direct); Common Stock — 5,686.776 shares (Indirect, By Deferral Account)

Footnotes (1)

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

Key Figures

Shares acquired: 9.2810 shares Acquisition price: $250.5100 per share Direct holdings after transaction: 116,641.8656 shares +1 more

4 metrics

Shares acquired 9.2810 shares Grant/award acquisition on April 10, 2026

Acquisition price $250.5100 per share Price for shares acquired on April 10, 2026

Direct holdings after transaction 116,641.8656 shares Direct Union Pacific common stock owned by CFO after acquisition

Indirect holdings 5,686.7760 shares Indirect ownership labeled as By Deferral Account

Key Terms

Employee Stock Purchase Plan, grant/award acquisition, Common Stock, Deferral Account

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.

grant/award acquisition financial

"transaction_action": "grant/award acquisition""

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Deferral Account financial

""nature_of_ownership": "By Deferral Account""

FAQ

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

What did Union Pacific (UNP) CFO Jennifer Hamann report in this Form 4?

Jennifer L. Hamann, EVP & Chief Financial Officer of Union Pacific, reported acquiring common stock through an employee stock purchase program. The filing records a grant or award acquisition and updates both her direct and indirect share ownership positions in Union Pacific common stock.

How many Union Pacific (UNP) shares did the CFO acquire and at what price?

The filing shows Jennifer Hamann acquired 9.2810 Union Pacific common shares on April 10, 2026, at a price of $250.5100 per share. This transaction is coded as a grant, award, or other acquisition, linked to the 2021 Employee Stock Purchase Plan footnote.

What are Jennifer Hamann’s direct Union Pacific (UNP) share holdings after this transaction?

After the reported acquisition, Jennifer Hamann directly holds 116,641.8656 shares of Union Pacific common stock. This total reflects her direct ownership position immediately following the employee stock purchase plan transaction described in the Form 4 filing.

What indirect Union Pacific (UNP) holdings are reported for the CFO?

The Form 4 lists an additional 5,686.7760 Union Pacific common shares as indirectly owned by Jennifer Hamann. These shares are labeled with the nature of ownership "By Deferral Account," indicating they are held through a deferral-related account rather than as direct ownership.

Was the Union Pacific (UNP) CFO’s share acquisition part of an employee stock plan?

Yes. A footnote explains that the purchase was made under the 2021 Employee Stock Purchase Plan. This indicates the shares were obtained through a company-sponsored employee purchase program, rather than an open-market buy or discretionary trade in Union Pacific stock.

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

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Accepted by SEC EDGAR 04/13/2026 - 05:45 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^*

Hamann Jennifer L

(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 FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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	04/10/2026		A(1)		9.281	A	$250.51	116,641.8656	D
Common Stock								5,686.776	I	By Deferral 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.

	By: Trevor L. Kingston, Attorney-in-Fact For: Jennifer L. Hamann	04/13/2026
	** 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)