Union Pacific (UNP) legal chief acquires stock through 2021 employee plan

Rhea-AI Filing Summary

Union Pacific Corp EVP and Chief Legal Officer Christina B. Conlin acquired 2.213 shares of common stock on July 10, 2026 at $286.96 per share. The acquisition was made pursuant to the company’s 2021 Employee Stock Purchase Plan, bringing her direct holdings to 16,009.479 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Conlin Christina B

Role EVP CHIEF LEGAL OFFICER & CORP

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2.213	$286.96	$635.04

Holdings After Transaction: Common Stock — 16,009.479 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 2.213 shares Price per share: $286.96 Post-transaction holdings: 16,009.479 shares

3 metrics

Shares acquired 2.213 shares Common stock acquired on July 10, 2026

Price per share $286.96 Acquisition price under 2021 Employee Stock Purchase Plan

Post-transaction holdings 16,009.479 shares Direct common stock ownership after acquisition

Key Terms

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

2 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"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/13/2026 - 04:27 PM Accepted by SEC EDGAR 07/13/2026 - 04:26 PM Learn about SEC filing dates

FAQ

What insider transaction did Union Pacific (UNP) report for Christina B. Conlin?

Christina B. Conlin, Union Pacific’s EVP and Chief Legal Officer, acquired 2.213 shares of common stock on July 10, 2026 at $286.96 per share under the 2021 Employee Stock Purchase Plan, increasing her direct holdings to 16,009.479 shares.

Was the recent UNP insider share acquisition an open-market purchase?

The reported acquisition of 2.213 UNP shares by Christina B. Conlin was made pursuant to the 2021 Employee Stock Purchase Plan, indicating it was a plan-based purchase rather than a discretionary open-market trade, and is classified as a grant or other acquisition.

How many Union Pacific (UNP) shares does Christina B. Conlin hold after this transaction?

Following the July 10, 2026 transaction, Christina B. Conlin directly holds 16,009.479 shares of Union Pacific common stock. This total reflects the addition of 2.213 shares acquired at $286.96 per share through the 2021 Employee Stock Purchase Plan.

What was the price paid per share in the latest UNP insider acquisition?

In the latest reported insider acquisition, 2.213 Union Pacific shares were acquired at a price of $286.96 per share. The filing notes this was a purchase under the 2021 Employee Stock Purchase Plan, categorized as a grant, award, or other acquisition.

What is the nature of the July 10, 2026 UNP insider transaction?

The July 10, 2026 transaction is described as a grant, award, or other acquisition of 2.213 shares of Union Pacific common stock at $286.96 per share. A footnote specifies it was a purchase under the 2021 Employee Stock Purchase Plan.

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^*

Conlin Christina B

(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 LEGAL OFFICER & CORP

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2026

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	07/10/2026		A(1)		2.213	A	$286.96	16,009.479	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	07/13/2026
	** 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)