Union Pacific (NYSE: UNP) EVP Gehringer sells 2,991 shares in open market

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

UNION PACIFIC CORP EVP Operations Eric J. Gehringer reported an open‑market sale of company stock. On June 3, 2026, he sold 2,991 shares of common stock at a price of $263.96 per share. After this sale, he directly holds 43,011.5046 shares of Union Pacific common stock.

In addition to his direct holdings, a deferral account associated with Gehringer holds 13,062.948 stock units, reflecting conversion of restricted stock units to fully vested stock units on a 1:1 basis. These units are payable only in shares of common stock at termination of employment or on a specified future date.

Insider Trade Summary

Net Seller: 2,991 shares ($789,504)

Net Sell 2 txns

Insider Gehringer Eric J

Role EVP OPERATIONS

Sold 2,991 shs ($790K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,991	$263.96	$790K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 43,011.505 shares (Direct, null); Common Stock — 13,062.948 shares (Indirect, By Deferral Account)

Footnotes (1)

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Key Figures

Shares sold: 2,991 shares Sale price: $263.96 per share Direct holdings after sale: 43,011.5046 shares +1 more

4 metrics

Shares sold 2,991 shares Open-market sale on June 3, 2026

Sale price $263.96 per share Price for 2,991 Union Pacific common shares

Direct holdings after sale 43,011.5046 shares Total Union Pacific common stock directly owned post-transaction

Deferral account units 13,062.948 units Fully vested stock units payable in shares at termination or set date

Key Terms

open-market sale, Deferral Account, restricted stock units, fully vested stock units, +1 more

5 terms

open-market sale financial

"transaction_action is described as an open-market sale of common stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Deferral Account financial

"indirect ownership is reported as By Deferral Account"

restricted stock units financial

"Represents conversion of restricted stock units to fully vested stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

fully vested stock units financial

"conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1"

distribution ratio of 1:1 financial

"conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1"

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Form 4 Insider Transactions: What Each Field Means →

06/04/2026 - 10:14 AM

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^*

Gehringer Eric 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)
	EVP OPERATIONS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/03/2026		S		2,991	D	$263.96	43,011.5046	D
Common Stock⁽¹⁾								13,062.948	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1 - Payable only in shares of common stock at termination of employment or a date certain.

	By: Trevor L. Kingston, Attorney-in-Fact For: Eric J. Gehringer	06/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Union Pacific (UNP) report for Eric J. Gehringer?

Union Pacific reported that EVP Operations Eric J. Gehringer sold 2,991 shares of common stock. The transaction was an open‑market sale executed on June 3, 2026, as disclosed in a Form 4 insider filing with the SEC.

At what price did Eric J. Gehringer sell Union Pacific (UNP) shares?

Eric J. Gehringer sold 2,991 Union Pacific common shares at $263.96 per share. This open‑market sale price comes directly from the Form 4 filing detailing his June 3, 2026 transaction.

How many Union Pacific (UNP) shares does Eric J. Gehringer hold after this sale?

After the sale, Eric J. Gehringer directly holds 43,011.5046 Union Pacific common shares. This post‑transaction ownership figure is reported in the Form 4 as the total shares following the June 3, 2026 sale.

What are the deferral account holdings reported for Eric J. Gehringer at Union Pacific (UNP)?

The filing shows 13,062.948 stock units held in a deferral account for Eric J. Gehringer. These represent fully vested stock units convertible 1:1 into Union Pacific common stock, payable in shares at employment termination or on a specified future date.

Was the Union Pacific (UNP) insider transaction a buy or a sell?

The Union Pacific insider transaction was a sale. EVP Operations Eric J. Gehringer executed an open‑market sale of 2,991 common shares, as indicated by transaction code “S” and classified as an open‑market sale in the Form 4.