Union Pacific VP adds shares via employee plan

Union Pacific VP & Controller Carrie J. Powers reported a small share acquisition under an employee plan.

Rhea-AI Filing Summary

Union Pacific VP & Controller Carrie J. Powers reported a small share acquisition under an employee plan. She received 5.917 shares of Union Pacific common stock on June 10, 2026 as a grant/award acquisition at $267.03 per share pursuant to the 2021 Employee Stock Purchase Plan.

Following this transaction, she holds 8,130.396 shares directly. A separate line shows 963.258 shares reported as indirectly owned through a managed account, reflecting an additional position held on her behalf.

Insider Trade Summary

Grant/Award: 5.917 shares

Grant/Award 2 txns

Insider Powers Carrie J

Role VP & CONTROLLER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5.917	$267.03	$2K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 8,130.396 shares (Direct); Common Stock — 963.258 shares (Indirect, by Managed Account)

Footnotes (1)

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

Key Figures

Shares acquired under ESPP: 5.917 shares Acquisition price: $267.03 per share Direct holdings after transaction: 8,130.396 shares +1 more

4 metrics

Shares acquired under ESPP 5.917 shares Grant/award acquisition on June 10, 2026

Acquisition price $267.03 per share Price for 5.917 shares under 2021 Employee Stock Purchase Plan

Direct holdings after transaction 8,130.396 shares Common stock directly owned after June 10, 2026 transaction

Indirect managed account holdings 963.258 shares Common stock held indirectly by managed account

Key Terms

Employee Stock Purchase Plan, grant/award acquisition, Managed Account

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.

grant/award acquisition financial

"The transaction is classified as a grant or award acquisition"

Managed Account financial

"963.258 shares reported as indirectly owned through a managed account"

FAQ

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

What did Union Pacific (UNP) insider Carrie J. Powers report in this Form 4?

Carrie J. Powers reported acquiring Union Pacific shares through an employee plan. She received 5.917 shares of common stock at $267.03 per share under the 2021 Employee Stock Purchase Plan, and now holds 8,130.396 shares directly plus additional indirect holdings.

How many Union Pacific (UNP) shares did Carrie J. Powers acquire and at what price?

She acquired 5.917 Union Pacific common shares at $267.03 per share. The transaction is classified as a grant or award acquisition connected to the 2021 Employee Stock Purchase Plan, rather than an open-market purchase, and modestly increases her direct ownership stake.

What are Carrie J. Powers’ Union Pacific (UNP) share holdings after this transaction?

After the transaction, Powers holds 8,130.396 Union Pacific shares directly. The filing also reports 963.258 shares as indirectly owned through a managed account. Together, these figures show her total reported exposure following the June 10, 2026 acquisition under the employee stock plan.

What is the role of Carrie J. Powers at Union Pacific (UNP) in this Form 4?

Carrie J. Powers is Union Pacific’s Vice President & Controller. As an executive officer, she must report equity-related transactions such as this 5.917-share acquisition under the 2021 Employee Stock Purchase Plan, giving investors visibility into her ownership levels in the company’s common stock.

Was the Union Pacific (UNP) insider transaction an open-market buy or a plan-based acquisition?

The transaction was a plan-based acquisition under an employee stock plan. Footnotes state the 5.917 shares were purchased pursuant to Union Pacific’s 2021 Employee Stock Purchase Plan, and the transaction is coded as a grant, award, or other acquisition rather than an open-market purchase.

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

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Accepted by SEC EDGAR 06/11/2026 - 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^*

Powers Carrie J

(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)
	VP & CONTROLLER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026

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	06/10/2026		A(1)		5.917	A	$267.03	8,130.396	D
Common Stock								963.258	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.

	By: Trevor L. Kingston, Attorney-in-Fact For: Carrie J. Powers	06/11/2026
	** 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)