Union Pacific (NYSE: UNP) EVP adds 6.601 shares in stock plan

Rhea-AI Filing Summary

Union Pacific Corporation executive Christina B. Conlin, EVP Chief Legal Officer & Corporate, acquired additional company stock through an employee plan. On February 10, 2026, she purchased 6.601 shares of common stock at $261.32 per share under the 2021 Employee Stock Purchase Plan.

Following this transaction, she beneficially owns 15,978.435 shares of Union Pacific common stock, held in direct ownership. The filing reflects a routine employee stock purchase rather than a sale, indicating an incremental increase in her direct equity stake.

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^*

Conlin Christina B

(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 CHIEF LEGAL OFFICER & CORP

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		A(1)		6.601	A	$261.32	15,978.435	D

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: Christina B. Conlin	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 transaction did UNP report for Christina B. Conlin?

Union Pacific reported that EVP Chief Legal Officer Christina B. Conlin acquired 6.601 shares of common stock. The purchase occurred on February 10, 2026 at a price of $261.32 per share under the company’s 2021 Employee Stock Purchase Plan, increasing her direct holdings.

How many Union Pacific (UNP) shares does Christina B. Conlin now own?

After the reported transaction, Christina B. Conlin beneficially owns 15,978.435 Union Pacific common shares. These shares are held in direct ownership, as disclosed in the Form 4 filed under Section 16, reflecting her updated post-transaction equity position in the company.

What was the price paid per share in Christina B. Conlin’s UNP stock purchase?

Christina B. Conlin paid $261.32 per share for Union Pacific common stock. The Form 4 shows this price for the 6.601 shares acquired on February 10, 2026 through the 2021 Employee Stock Purchase Plan, documenting the exact consideration per share.

Was Christina B. Conlin’s Union Pacific transaction a purchase or a sale?

The Union Pacific Form 4 reports a purchase by Christina B. Conlin, coded as transaction type “A”. She acquired 6.601 shares of common stock on February 10, 2026 under the 2021 Employee Stock Purchase Plan, rather than disposing of or selling shares.

Through what program did Christina B. Conlin acquire additional UNP shares?

Christina B. Conlin acquired the additional Union Pacific shares through the 2021 Employee Stock Purchase Plan. The Form 4 footnote states the 6.601-share transaction on February 10, 2026 was a purchase pursuant to this employee stock purchase program.

What is Christina B. Conlin’s role at Union Pacific related to this Form 4?

Christina B. Conlin is Union Pacific’s EVP Chief Legal Officer & Corporate officer, as identified in the filing. Her status as an executive officer makes her a reporting person under Section 16, requiring disclosure of her 6.601-share purchase and resulting holdings.