Form 4: Rocker Kenyatta G reports multiple insider transactions in UNP

Rhea-AI Filing Summary

Rocker Kenyatta G reported multiple insider transaction types in a Form 4 filing for UNP. The filing lists transactions totaling 6,649 shares at a weighted average price of $254.40 per share. Following the reported transactions, holdings were 62,610 shares.

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

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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 NE 68179

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/09/2026		D		5,059	D	$0.0	62,610.1007	D
Common Stock	02/09/2026		F		1,546	D	$254.34	61,064.1007	D
Common Stock	02/10/2026		A(1)		11.672	A	$261.32	61,075.7727	D
Common Stock	02/09/2026		F		30	D	$254.34	1,285.0245	I	by Spouse
Common Stock	02/10/2026		A(1)		2.743	A	$261.32	1,287.7675	I	by Spouse
Common Stock								350	I	By Deferral Account
Common Stock(2)								2,036.7649	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	02/10/2026
	** 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.

FAQ

What insider transactions did Union Pacific (UNP) executive Kenyatta Rocker report?

Kenyatta Rocker reported both dispositions and acquisitions of Union Pacific shares. On February 9, 2026, he disposed of 5,059 shares to the issuer and had 1,546 shares withheld for obligations, then on February 10, 2026, he acquired 11.672 shares through a grant or award.

How many Union Pacific (UNP) shares does Kenyatta Rocker hold directly after these Form 4 transactions?

After the reported transactions, Kenyatta Rocker directly holds 61,075.7727 Union Pacific shares. This figure reflects the February 9, 2026 dispositions and tax-withholding, followed by a 11.672-share acquisition on February 10, 2026 under the 2021 Employee Stock Purchase Plan.

Were any Union Pacific (UNP) shares acquired under an employee stock purchase plan?

Yes, some shares were acquired under Union Pacific’s 2021 Employee Stock Purchase Plan. The filing notes that a 11.672-share acquisition on February 10, 2026 was a grant or award pursuant to this plan, at a price of $261.32 per share.

What do the tax-withholding transactions mean in Kenyatta Rocker’s Union Pacific (UNP) Form 4?

The Form 4 reports shares delivered to cover obligations instead of cash. On February 9, 2026, 1,546 directly held shares and 30 spouse-held shares were disposed of at $254.34 per share to satisfy exercise price or tax liabilities using stock.

Does Kenyatta Rocker report any indirect ownership of Union Pacific (UNP) shares?

Yes, the filing shows several forms of indirect ownership. Indirect holdings include shares held by his spouse, a deferral account with 350 shares, and a managed account with 2,036.7649 shares, in addition to his directly held Union Pacific common stock.

What role does Kenyatta Rocker hold at Union Pacific (UNP) in this Form 4 filing?

Kenyatta Rocker is reported as an officer of Union Pacific, serving as EVP Marketing & Sales. The Form 4 specifies that he is not a director or 10% owner, but an executive officer with this listed title in the filing.