Was Rahul Jalali’s UNION PACIFIC (UNP) share acquisition open-market or plan-based?

The acquisition was plan-based , not an open-market trade. A footnote states the 8.364 UNION PACIFIC (UNP) shares were purchased pursuant to the company’s 2021 Employee Stock Purchase Plan , indicating participation in an established employee stock purchase program.

Union Pacific (UNP) EVP Rahul Jalali adds stock under 2021 ESPP

Q: How many UNION PACIFIC (UNP) shares does Rahul Jalali own after this Form 4?

After the reported transaction, Rahul Jalali directly owns 33,122.746 shares of UNION PACIFIC (UNP) common stock. This total reflects his holdings immediately following the 8.364 -share acquisition reported for July 10, 2026 .

Q: What was the purchase price in Rahul Jalali’s July 10, 2026 UNP transaction?

Rahul Jalali acquired UNION PACIFIC (UNP) common stock at $286.96 per share on July 10, 2026 . The transaction involved 8.364 shares obtained through the company’s 2021 Employee Stock Purchase Plan , as noted in the filing footnote.

Q: What type of transaction code appears on Rahul Jalali’s UNION PACIFIC (UNP) Form 4?

The Form 4 lists transaction code A , described as a grant, award, or other acquisition , for 8.364 UNION PACIFIC (UNP) common shares. A footnote clarifies this was a purchase under the 2021 Employee Stock Purchase Plan rather than a discretionary market trade.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

UNION PACIFIC CORP executive Rahul Jalali, EVP & Chief Information Office, reported acquiring 8.364 shares of common stock on July 10, 2026. The shares were obtained at $286.96 per share pursuant to the company’s 2021 Employee Stock Purchase Plan. Following this acquisition, Jalali directly holds 33,122.746 shares of UNION PACIFIC CORP common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Jalali Rahul

Role EVP & CHIEF INFORMATION OFFICE

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8.364	$286.96	$2K

Holdings After Transaction: Common Stock — 33,122.746 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 8.364 shares Purchase price: $286.96 per share Post-transaction holdings: 33,122.746 shares

3 metrics

Shares acquired 8.364 shares Common stock acquisition on July 10, 2026

Purchase price $286.96 per share Price for the 8.364 common shares acquired

Post-transaction holdings 33,122.746 shares Directly owned common stock after the July 10, 2026 transaction

Key Terms

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

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 regulatory

"transaction_code_description: Grant, award, or other acquisition"

beneficial ownership regulatory

"total_shares_following_transaction reflects post-transaction beneficial ownership position"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

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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

FAQ

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

UNION PACIFIC (UNP) reported that EVP & Chief Information Office Rahul Jalali acquired 8.364 shares of common stock on July 10, 2026. The shares were obtained at $286.96 under the 2021 Employee Stock Purchase Plan.

How many UNION PACIFIC (UNP) shares does Rahul Jalali own after this Form 4?

After the reported transaction, Rahul Jalali directly owns 33,122.746 shares of UNION PACIFIC (UNP) common stock. This total reflects his holdings immediately following the 8.364-share acquisition reported for July 10, 2026.

What was the purchase price in Rahul Jalali’s July 10, 2026 UNP transaction?

Rahul Jalali acquired UNION PACIFIC (UNP) common stock at $286.96 per share on July 10, 2026. The transaction involved 8.364 shares obtained through the company’s 2021 Employee Stock Purchase Plan, as noted in the filing footnote.

What type of transaction code appears on Rahul Jalali’s UNION PACIFIC (UNP) Form 4?

The Form 4 lists transaction code A, described as a grant, award, or other acquisition, for 8.364 UNION PACIFIC (UNP) common shares. A footnote clarifies this was a purchase under the 2021 Employee Stock Purchase Plan rather than a discretionary market trade.

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)
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)
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	07/10/2026		A⁽¹⁾		8.364	A	$286.96	33,122.746	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)
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. Purchase pursuant to the 2021 Employee Stock Purchase Plan.

	By: Trevor L. Kingston, Attorney-in-Fact For: Rahul Jalali	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)

Source: View Original Filing on SEC EDGAR