Union Pacific (UNP) CFO sells 2,000 shares, still holds 114k

Rhea-AI Filing Summary

Union Pacific Corp EVP & Chief Financial Officer Jennifer L. Hamann reported an open-market sale of 2,000 shares of common stock at $274.70 per share. After this transaction, she directly holds 114,641.8656 shares and also reports 5,686.776 shares held indirectly through a deferral account.

Insider Trade Summary

Net Seller: 2,000 shares ($549,400)

Net Sell 2 txns

Insider Hamann Jennifer L

Role EVP & CHIEF FINANCIAL OFFICER

Sold 2,000 shs ($549K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$274.70	$549K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 114,641.866 shares (Direct, null); Common Stock — 5,686.776 shares (Indirect, By Deferral Account)

Footnotes (1)

Key Figures

Shares sold: 2,000 shares Sale price per share: $274.70 per share Direct holdings after sale: 114,641.8656 shares +2 more

5 metrics

Shares sold 2,000 shares Open-market sale of Union Pacific common stock

Sale price per share $274.70 per share Price for the 2,000 shares sold

Direct holdings after sale 114,641.8656 shares Direct Union Pacific common stock owned post-transaction

Indirect holdings in deferral account 5,686.776 shares Indirect ownership reported as held by deferral account

Net share direction -2,000 shares Net buy/sell shares in this Form 4

Key Terms

open-market sale, Deferral Account, indirect ownership, Form 4, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

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

"nature_of_ownership": "By Deferral Account""

indirect ownership financial

""ownership_type": "indirect""

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code "S" regulatory

"transaction_code": "S""

Form 4 Insider Transactions: What Each Field Means →

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^*

Hamann Jennifer L

(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 FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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	04/24/2026		S		2,000	D	$274.7	114,641.8656	D
Common Stock								5,686.776	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	By: Trevor L. Kingston, Attorney-in-Fact For: Jennifer L. Hamann	04/28/2026
	** 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)

FAQ

What insider transaction did Union Pacific (UNP) report for Jennifer L. Hamann?

Union Pacific reported that EVP & Chief Financial Officer Jennifer L. Hamann sold 2,000 shares of common stock in an open-market transaction at $274.70 per share. This transaction is disclosed in a Form 4 insider trading report filed with the SEC.

How many Union Pacific (UNP) shares does Jennifer L. Hamann hold after the Form 4 sale?

After selling 2,000 shares, Jennifer L. Hamann directly holds 114,641.8656 Union Pacific common shares. She also reports an additional 5,686.776 shares held indirectly through a deferral account, which represents shares credited but not held in a standard brokerage account.

What price did Union Pacific (UNP) CFO Jennifer L. Hamann receive per share in the reported sale?

Jennifer L. Hamann’s reported open-market sale was executed at $274.70 per share. The Form 4 labels this as a sale of common stock, using transaction code “S,” which indicates a sale in the open market or a comparable private transaction under SEC rules.

What does indirect ownership by deferral account mean for Union Pacific (UNP) shares?

The Form 4 shows 5,686.776 Union Pacific shares held indirectly “By Deferral Account.” This typically reflects compensation or deferred share units credited to an account rather than traditional share certificates, and is reported as indirect ownership under SEC beneficial ownership reporting standards.

Does the Union Pacific (UNP) Form 4 show any option exercises or derivative trades?

The Form 4 indicates no derivative transactions or option exercises for Jennifer L. Hamann in this filing. The derivative summary is empty, and the only reported activity is a non-derivative open-market sale of 2,000 shares of Union Pacific common stock.