Union Pacific CFO buys 7 shares at $285.78 via plan

Union Pacific’s CFO acquired a small number of shares through the employee stock purchase plan, modestly increasing her reported direct and deferral account holdings.

Rhea-AI Filing Summary

UNION PACIFIC CORP (UNP) executive vice president and chief financial officer Jennifer L. Hamann reported an acquisition of common stock on September 10, 2026. She acquired 7.38 shares of common stock at $285.78 per share, noted as a purchase pursuant to the 2021 Employee Stock Purchase Plan. After this transaction, she held 114,682.7956 shares directly and 5,715.628 shares indirectly through a deferral account. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Grant/Award: 7.38 shares

Grant/Award 2 txns

Insider Hamann Jennifer L

Role EVP & CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	7.38	$285.78	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 114,682.7956 shares (Direct); Common Stock — 5,715.628 shares (Indirect, By Deferral Account)

Footnotes (1)

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

Key Figures

Shares acquired: 7.38 shares Acquisition price per share: $285.78 per share Direct holdings after transaction: 114,682.7956 shares +1 more

4 metrics

Shares acquired 7.38 shares Common stock acquired on September 10, 2026 under the 2021 Employee Stock Purchase Plan

Acquisition price per share $285.78 per share Price paid for the 7.38 shares acquired on September 10, 2026

Direct holdings after transaction 114,682.7956 shares Directly owned Union Pacific common stock following the acquisition

Indirect holdings via Deferral Account 5,715.628 shares Indirect ownership reported as held by Deferral Account as of the same date

Key Terms

Employee Stock Purchase Plan, Deferral Account, indirect ownership

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.

Deferral Account financial

"total shares following transaction held indirectly By Deferral Account"

indirect ownership financial

"shares following transaction reported as indirectly owned By Deferral Account"

FAQ

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

What insider transaction did UNP’s CFO Jennifer Hamann report on this Form 4?

She reported an acquisition of 7.38 shares of Union Pacific common stock on September 10, 2026 at $285.78 per share, described as a purchase pursuant to the 2021 Employee Stock Purchase Plan.

How many UNP shares does the CFO hold directly after this transaction?

After the reported transaction, Jennifer Hamann held 114,682.7956 shares of Union Pacific common stock in direct ownership.

What indirect Union Pacific (UNP) holdings does the CFO report?

In addition to direct holdings, she reports 5,715.628 shares of Union Pacific common stock held indirectly through a Deferral Account as of the same date.

Was the Union Pacific (UNP) CFO’s share acquisition under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnote states the shares were purchased pursuant to the 2021 Employee Stock Purchase Plan, not under a Rule 10b5-1 trading plan.

What price did the Union Pacific (UNP) CFO pay per share in this Form 4 transaction?

The reported acquisition price was $285.78 per share for the 7.38 shares of Union Pacific common stock purchased on September 10, 2026 under the 2021 Employee Stock Purchase Plan.

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

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Available on EDGAR 09/11/2026 - 02:11 PM Accepted by SEC EDGAR 09/11/2026 - 02:10 PM 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)
09/10/2026

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	09/10/2026	09/10/2026	A(1)		7.38	A	$285.78	114,682.7956	D
Common Stock								5,715.628	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	09/11/2026
	** 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)