Union Pacific EVP acquires shares via stock plan

UNION PACIFIC CORP executive Rahul Jalali, EVP & Chief Information Office, reported an acquisition of 8.2120 shares of common stock on 2026-08-10 at $292.2400 per share.

Rhea-AI Filing Summary

UNION PACIFIC CORP executive Rahul Jalali, EVP & Chief Information Office, reported an acquisition of 8.2120 shares of common stock on 2026-08-10 at $292.2400 per share. The transaction was a purchase pursuant to the 2021 Employee Stock Purchase Plan, bringing his directly held stake to 33,130.9580 shares.

Insider Trade Summary

Grant/Award: 8.212 shares

Grant/Award 1 txn

Insider Jalali Rahul

Role EVP & CHIEF INFORMATION OFFICE

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	8.212	$292.24	$2K

Holdings After Transaction: Common Stock — 33,130.958 shares (Direct)

Footnotes (1)

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

Key Figures

Shares acquired: 8.2120 shares Purchase price: $292.2400 per share Holdings after transaction: 33,130.9580 shares

3 metrics

Shares acquired 8.2120 shares Common stock acquired on 2026-08-10 under 2021 Employee Stock Purchase Plan

Purchase price $292.2400 per share Price for the 8.2120 shares of common stock acquired

Holdings after transaction 33,130.9580 shares Total directly held UNION PACIFIC CORP common shares following the acquisition

Key Terms

Employee Stock Purchase Plan, Grant, award, or other acquisition, directly held

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, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

directly held financial

"bringing his directly held stake to 33,130.9580 shares"

FAQ

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

What insider transaction did UNION PACIFIC CORP (UNP) report for Rahul Jalali?

UNION PACIFIC CORP reported that EVP Rahul Jalali acquired 8.2120 shares of common stock on 2026-08-10. The shares were obtained through the 2021 Employee Stock Purchase Plan at a price of $292.2400 per share.

Was the recent UNP insider transaction by Rahul Jalali a purchase or sale?

The transaction was an acquisition of UNION PACIFIC CORP common stock by Rahul Jalali. It is coded as a grant, award, or other acquisition (code A) under a company Employee Stock Purchase Plan.

How many UNION PACIFIC CORP (UNP) shares does Rahul Jalali hold after this transaction?

After the reported transaction, Rahul Jalali directly holds 33,130.9580 shares of UNION PACIFIC CORP common stock. This figure reflects his position following the 8.2120-share purchase under the 2021 Employee Stock Purchase Plan.

At what price did Rahul Jalali acquire his new UNP shares?

Rahul Jalali acquired 8.2120 shares of UNION PACIFIC CORP at $292.2400 per share. The transaction was executed as a purchase pursuant to the company’s 2021 Employee Stock Purchase Plan, as noted in the filing footnote.

Was Rahul Jalali’s UNP stock purchase made under an employee stock plan?

Yes. The filing states the purchase was made pursuant to the 2021 Employee Stock Purchase Plan. This indicates the 8.2120-share acquisition at $292.2400 per share occurred through UNION PACIFIC CORP’s employee stock purchase program.

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

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Accepted by SEC EDGAR 08/11/2026 - 03:29 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^*

Jalali Rahul

(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 INFORMATION OFFICE

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

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	08/10/2026		A(1)		8.212	A	$292.24	33,130.958	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: Rahul Jalali	08/11/2026
	** 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)