Union Pacific executive gifts 431 shares to charity

Union Pacific’s EVP Marketing & Sales reported a charitable gift of shares and updated his direct and indirect common stock holdings.

Rhea-AI Filing Summary

UNION PACIFIC CORP (UNP) executive vice president of Marketing & Sales Kenyatta G. Rocker reported a bona fide gift of 431 shares of common stock on September 4, 2026, as a charitable contribution to a non‑affiliated entity. After this gift, he holds 60,702.1447 Union Pacific shares directly, plus indirect holdings of 350 shares through a deferral account, 2,049.9627 shares through a managed account that includes payroll-based and tax-reduction stock ownership and 401(k) plan holdings, and 1,308.6157 shares held by his spouse. No Rule 10b5‑1 trading plan is reported for these transactions.

Insider Trade Summary

431 shares gifted

Gift 4 txns

Insider Rocker Kenyatta G

Role EVP MARKETING & SALES

Type	Security	Shares	Price	Value
Gift	Common Stock F1	431	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock F2	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 60,702.1447 shares (Direct); Common Stock — 350 shares (Indirect, By Deferral Account); Common Stock — 2,049.9627 shares (Indirect, by Managed Account); Common Stock — 1,308.6157 shares (Indirect, by Spouse)

Footnotes (2)

1. F1. The reporting person made a charitable contribution to a non-affiliated entity.
2. F2. Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.

Key Figures

Shares gifted: 431 shares Direct holdings after transaction: 60,702.1447 shares Indirect holdings via Deferral Account: 350 shares +3 more

6 metrics

Shares gifted 431 shares Bona fide gift of Union Pacific common stock on September 4, 2026

Direct holdings after transaction 60,702.1447 shares Union Pacific common stock held directly by Kenyatta G. Rocker after the gift

Indirect holdings via Deferral Account 350 shares Union Pacific common stock held indirectly by Deferral Account after September 4, 2026

Indirect holdings via Managed Account 2,049.9627 shares Union Pacific common stock held indirectly by Managed Account including certain company plans

Indirect holdings by spouse 1,308.6157 shares Union Pacific common stock held indirectly by spouse after the reported transactions

Gift transactions count 1 gift Number of bona fide gift transactions reported in this Form 4

Key Terms

bona fide gift, Deferral Account, Managed Account, Payroll-based and Tax-reduction stock ownership plans, +1 more

5 terms

bona fide gift financial

"The reporting person made a bona fide gift of 431 shares"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Deferral Account financial

"Indirect ownership of 350 shares is reported as By Deferral Account"

Managed Account financial

"Indirect ownership of 2,049.9627 shares is reported as by Managed Account"

Payroll-based and Tax-reduction stock ownership plans financial

"Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans"

401(k) plan financial

"Includes holdings in Union Pacific's ... and 401(k) plan"

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

FAQ

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

What insider transaction did UNP executive Kenyatta G. Rocker report?

He reported a bona fide gift of 431 shares of Union Pacific common stock on September 4, 2026, described as a charitable contribution to a non‑affiliated entity, with no cash consideration reported for the transfer.

How many UNP shares does Kenyatta G. Rocker hold directly after this filing?

After the reported gift, Kenyatta G. Rocker holds 60,702.1447 shares of Union Pacific common stock in a direct ownership capacity, according to the Form 4 disclosure.

What indirect Union Pacific (UNP) holdings does Kenyatta G. Rocker report?

He reports 350 shares held indirectly via a Deferral Account, 2,049.9627 shares held indirectly via a managed account, and 1,308.6157 shares held indirectly by his spouse.

What does the footnote say about the gifted UNP shares?

The footnote states that the reporting person made a charitable contribution to a non‑affiliated entity, clarifying that the 431‑share transfer was a charitable gift rather than a sale.

Do Rocker’s indirect UNP holdings include retirement and stock ownership plans?

Yes. A footnote states the indirect managed account position of 2,049.9627 shares includes holdings in Union Pacific’s payroll-based and tax-reduction stock ownership plans and 401(k) plan.

Were Kenyatta G. Rocker’s UNP transactions under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5‑1 checkbox is not checked, and there is no footnote indicating a trading plan, so no Rule 10b5‑1 plan is reported for these transactions.

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

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Available on EDGAR 09/04/2026 - 06:53 PM EDT Accepted by SEC EDGAR 09/04/2026 - 06:53 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^*

Rocker Kenyatta G

(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 MARKETING & SALES

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026

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	09/04/2026		G(1)		431	D	$0.0	60,702.1447	D
Common Stock								350	I	By Deferral Account
Common Stock(2)								2,049.9627	I	by Managed Account
Common Stock								1,308.6157	I	by Spouse

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. The reporting person made a charitable contribution to a non-affiliated entity.

2. Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.

	By: Trevor L. Kingston, Attorney-in-Fact For: Kenyatta G. Rocker	09/04/2026
	** 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)