Every Form 4 that Union Pacific Corp. (UNP) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow UNP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UNP filings page.
UNION PACIFIC CORP EVP Marketing & Sales Kenyatta G. Rocker exercised stock options and sold shares in coordinated transactions. On April 24, 2026, he exercised options to acquire a total of 27,387 shares of common stock at strike prices of $161.57 and $186.11 per share, then sold the same total number of shares in open-market sales at $271.76 per share.
After these transactions, he held 61,101.9337 shares of Union Pacific common stock directly. He also had indirect holdings of 1,295.8212 shares by spouse, 2,043.9588 shares by a managed account, and 350 shares by a deferral account. Footnotes state that holdings include Union Pacific payroll-based, tax-reduction stock ownership plans and the 401(k) plan.
UNION PACIFIC CORP executive Jennifer L. Hamann, the EVP & Chief Financial Officer, acquired additional common stock through an employee program. On April 10, 2026, she received 9.2810 shares at $250.5100 per share, described as a purchase under the 2021 Employee Stock Purchase Plan.
After this award, Hamann directly holds 116,641.8656 shares of Union Pacific common stock. The filing also reports an indirect holding of 5,686.7760 shares classified as held "By Deferral Account." The transaction is characterized as a grant or award acquisition rather than an open-market trade.
UNION PACIFIC CORP executive Kenyatta G. Rocker increased his holdings of Common Stock through the company’s employee plans. On April 10, 2026, he acquired 13.971 shares at $250.51 per share pursuant to the 2021 Employee Stock Purchase Plan, bringing his directly held stake to 61,101.9337 shares.
On the same date, an additional 2.969 shares at $250.51 per share were acquired and are held indirectly by his spouse, raising that balance to 1,295.5706 shares. He also has indirect holdings of 350 shares in a deferral account and 2,041.5614 shares in a managed account, which include shares held in Union Pacific’s payroll-based and tax-reduction stock ownership plans and 401(k) plan.
UNION PACIFIC CORP officer Carrie J. Powers, VP & Controller, acquired common stock through an employee plan. On April 10, 2026, she received 6.307 shares of common stock at $250.5100 per share, described as a purchase under the 2021 Employee Stock Purchase Plan.
After this acquisition, Powers directly holds 8,118.509 shares of Union Pacific common stock. The filing also shows an additional 963.070 shares held indirectly in a managed account, reflecting total reported exposure split between direct and indirect ownership.
Union Pacific Corp executive Rahul Jalali increased his direct stake through an employee stock purchase. On April 10, 2026, the EVP & Chief Information Officer acquired 9.581 shares of Union Pacific common stock at a reference price of $250.5100 per share under the 2021 Employee Stock Purchase Plan.
Following this compensation-related acquisition, Jalali directly holds a total of 33,096.326 shares of Union Pacific common stock. The transaction reflects ongoing participation in the company’s employee stock purchase program rather than an open-market trade.
UNION PACIFIC CORP EVP Operations Eric J. Gehringer acquired additional company stock through an employee plan. On April 10, 2026, he received 14.969 shares of Union Pacific common stock pursuant to the 2021 Employee Stock Purchase Plan at a price of $250.51 per share. Following this award, he directly holds 45,988.3346 shares of common stock and indirectly holds 13,062.948 shares through a deferral account that is payable only in shares of common stock at termination of employment or on a specified future date.
UNION PACIFIC CORP executive Christina B. Conlin, EVP Chief Legal Officer, acquired a small number of company shares through an employee plan. On the reported date, she received 7.605 shares of common stock at $250.51 per share, described as a grant or other acquisition. Following this plan-related purchase under the 2021 Employee Stock Purchase Plan, her directly held common stock position increased to 15,992.934 shares.
UNION PACIFIC CORP chief executive officer Vincenzo J. Vena reported a small acquisition of company common stock through an employee plan. On April 10, 2026, he acquired 11.976 shares of common stock at $250.51 per share, pursuant to the 2021 Employee Stock Purchase Plan, bringing his direct holdings to about 220,694.91 shares.
Union Pacific Corporation executive Eric J. Gehringer, EVP Operations, reported an open-market sale of company stock. On March 20, 2026, he sold 1,999 shares of Common Stock at $234.93 per share, leaving him with 45,973.3656 directly held shares.
The sale was made pursuant to a Rule 10b5-1 trading plan adopted on December 19, 2025. In addition to his direct holdings, he has 12,989.067 indirectly held shares in a deferral account, representing converted restricted stock units payable only in common stock at employment termination or a specified date.
WILLIAMS CHRISTOPHER J reported acquisition or exercise transactions in this Form 4 filing.
UNION PACIFIC CORP director Christopher J. Williams received a grant of 213 Phantom Stock units linked to the company’s common stock. The units reference a value of $243.12 per unit and increase his Phantom Stock balance to 6,193 units. Phantom Stock Units are tied to common shares at a 1:1 ratio but are payable in cash only, commencing at retirement, so they represent deferred cash-based compensation rather than current share ownership.
Will W Anthony reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific Corp director Will W. Anthony reported an award of 179 Phantom Stock units linked to the company’s common stock. The units were granted at a reference price of $243.12 per unit and are structured on a 1:1 basis with common shares.
These Phantom Stock Units are a cash-settled, retirement-based compensation vehicle, payable only in cash commencing at retirement rather than as actual shares. Following this grant, Anthony holds 179 Phantom Stock Units under this plan.
Union Pacific Corp director John Wiehoff received a grant of phantom stock units. On this award date, he acquired 191 phantom stock units at a reference price of $243.12 per unit. The grant increased his phantom stock holdings to 2,049 units, which are payable in cash only commencing at retirement on a 1:1 distribution ratio with common stock.
Tien John K Jr reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific Corp director John K. Tien Jr. received a grant of 189 Phantom Stock units on April 1, 2026. Each unit is linked 1:1 to a share of common stock and was valued at $243.12 per unit for this award. Following the grant, Tien holds a total of 1,770 Phantom Stock units. These Phantom Stock Units are payable in cash only, commencing at retirement, so they represent a deferred, cash-settled compensation arrangement rather than current stock ownership or an open-market trade.
Simons Doyle reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific director Doyle Simons received a grant of 346 Phantom Stock Units on April 1, 2026 at a reference price of $243.12 per unit. The units track Union Pacific common stock on a 1:1 basis and are payable in cash only commencing at retirement. After this award, Simons directly holds 3,361 Phantom Stock Units.
MCCARTHY MICHAEL R reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific Corp director Michael R. McCarthy received a grant of 917 Phantom Stock units on April 1, 2026. Each Phantom Stock unit tracks one share of Union Pacific common stock on a 1:1 basis and is valued at $243.12 per unit for this award.
Following this grant, McCarthy holds a total of 72,014 Phantom Stock units. These Phantom Stock units are payable in cash only, commencing at retirement, meaning they are a form of deferred, cash-settled compensation rather than an open-market stock purchase or sale.
Lute Jane H reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific director Jane H. Lute received a grant of 411 Phantom Stock units tied to the company’s common stock. The units are valued at $243.12 per unit and increase her Phantom Stock holdings to 12,099 units. These Phantom Stock units are payable in cash only, commencing at retirement, with a 1:1 distribution ratio to common stock.
HOPKINS DEBORAH C reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific director Deborah C. Hopkins received a compensation grant of 251 Phantom Stock units tied to Union Pacific common stock. The units have a reference value of $243.12 per unit and are linked to common stock on a 1:1 basis. After this award, she holds 12,781 Phantom Stock units in total. These Phantom Stock units are payable in cash only, commencing at retirement, so they represent deferred cash-based compensation rather than current share ownership.
Finley Teresa reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific Corp director Teresa Finley received a grant of 198 Phantom Stock units linked to common stock. The grant is recorded at a reference price of $243.12 per unit and increases her Phantom Stock holdings to 3,326 units. These Phantom Stock Units are payable in cash only, starting at retirement, and use a 1:1 distribution ratio to Union Pacific common stock.
Edison Sheri H. reported acquisition or exercise transactions in this Form 4 filing.
Union Pacific director Sheri H. Edison received a grant of Phantom Stock tied to the company’s common stock. She was awarded 198 Phantom Stock Units at a reference price of $243.12 per unit, increasing her phantom stock balance to 3,442 units.
According to the disclosure, each Phantom Stock Unit tracks one share of Union Pacific common stock on a 1:1 basis but is payable only in cash, commencing at retirement. This is a compensation-related award rather than an open-market stock purchase or sale.
UNION PACIFIC CORP director David B. Dillon received a grant of phantom stock units linked to company shares. On this award date, he acquired 256 phantom stock units tied 1:1 to Union Pacific common stock at a reference value of $243.12 per unit. Following the grant, his balance increased to 13,622 phantom stock units. These phantom stock units are payable in cash only, commencing at retirement, so this filing reflects a compensation-related award rather than a market purchase or sale of Union Pacific shares.
Union Pacific Corp chief executive Vincenzo J. Vena reported an acquisition of common stock through an employee plan. On this Form 4, he acquired 29.974 shares of Union Pacific common stock at a price of $250.21 per share pursuant to the 2021 Employee Stock Purchase Plan. Following this transaction, his direct ownership stood at 220,682.934 shares of common stock.
Union Pacific Corp executive Kenyatta G. Rocker increased his stake in the company through an employee stock purchase. On March 10, 2026, he acquired 12.1900 shares of Union Pacific common stock directly and 2.8660 shares indirectly through his spouse at $250.2100 per share, pursuant to the 2021 Employee Stock Purchase Plan. Following these acquisitions, he directly owns 61,087.9627 shares, while his spouse holds 1,290.8540 shares indirectly attributed to him. The filing also reports indirect holdings of 350.0000 shares through a deferral account and 2,038.6693 shares through a managed account.
Union Pacific vice president and controller Carrie J. Powers acquired 6.0950 shares of common stock at $250.2100 per share through the 2021 Employee Stock Purchase Plan. After this plan purchase, she holds a total of 8,112.2020 shares directly and 957.6520 shares indirectly through a managed account.
Union Pacific Corp EVP & Chief Information Officer Rahul Jalali acquired 9.064 shares of common stock under the 2021 Employee Stock Purchase Plan. This employee-plan purchase increased his directly held stake to 33,086.745 shares, indicating a small, routine addition to his existing ownership position.
Union Pacific’s EVP and CFO Jennifer L. Hamann increased her ownership through a compensation plan. On March 10, 2026, she acquired 8.524 shares of Union Pacific common stock at $250.21 per share, pursuant to the 2021 Employee Stock Purchase Plan, bringing her direct holdings to 116,632.5846 shares.
She also reports 5,654.613 shares held indirectly in a Deferral Account. This filing reflects routine share accumulation through employee programs rather than an open-market purchase or sale.
Union Pacific Corp executive vice president of operations Eric J. Gehringer received a grant of 13.988 shares of common stock on March 10, 2026 at $250.21 per share, classified as a grant or award acquisition. Following this award, he holds 47,972.3656 shares directly and 12,989.067 shares indirectly through a deferral account.
Union Pacific Corporation executive Christina B. Conlin, EVP and Chief Legal Officer, acquired additional company stock through an employee program. On this date, she obtained 6.894 shares of Common Stock at $250.2100 per share, described as a purchase under the 2021 Employee Stock Purchase Plan. Following this transaction, her directly held position increased to 15,985.329 shares of Union Pacific common stock, indicating a routine, compensation-related acquisition rather than an open-market trade.
Union Pacific’s EVP & Chief Financial Officer Jennifer L. Hamann exercised 4,243 non-qualified stock options at $124.86 per share on 02/12/2026, receiving the same number of common shares. She then disposed of 2,016 and 902 common shares at $262.81 per share to cover tax and exercise obligations.
After these transactions, Hamann directly beneficially owned 116,624.0606 Union Pacific common shares. In addition, she indirectly held 5,654.613 shares through a deferral account. The option exercised had vested in three equal annual installments beginning one year after its 2019 grant.
Union Pacific EVP Operations Eric J. Gehringer reported several equity transactions in company stock. He exercised 5,271 non-qualified stock options at an exercise price of $161.57 per share, receiving the same number of common shares.
To cover tax obligations related to equity awards, he disposed of 3,241 and 822 shares of common stock in transactions coded "F" at a price of $262.81 per share. After these transactions, he directly owned 47,958.3776 common shares and indirectly held 12,989.067 common stock units through a deferral account.
Union Pacific EVP Operations Eric J. Gehringer reported several transactions in Union Pacific common stock. On 02/09/2026, he disposed of 7,589 shares back to the company at a reported price of $0.0 per share, after which he held 52,461.9836 shares directly.
Also on 02/09/2026, 5,725 shares were reclassified from his direct holdings into an indirect deferral account, leaving 46,736.9836 shares held directly and 12,989.067 shares held indirectly by the deferral account. On 02/10/2026, he acquired 13.394 shares at $261.32 per share under the 2021 Employee Stock Purchase Plan, bringing his direct holdings to 46,750.3776 shares.
Hamann Jennifer L reported multiple insider transaction types in a Form 4 filing for UNP. The filing lists transactions totaling 11,457 shares at a weighted average price of $254.36 per share. Following the reported transactions, holdings were 117,971 shares.
Rocker Kenyatta G reported multiple insider transaction types in a Form 4 filing for UNP. The filing lists transactions totaling 6,649 shares at a weighted average price of $254.40 per share. Following the reported transactions, holdings were 62,610 shares.
Union Pacific Corporation executive Carrie J. Powers, VP & Controller, reported several stock transactions in company shares. On February 9, 2026, she disposed of 759 shares of common stock at a stated price of $0.0 per share and had 233 shares withheld or disposed of with a transaction code F at $254.34 per share, leaving 8,100.272 shares held directly afterward.
On February 10, 2026, she acquired 5.835 shares of common stock at $261.32 per share, noted as a purchase under the 2021 Employee Stock Purchase Plan, bringing her directly owned balance to 8,106.107 shares958.251 shares are held indirectly in a managed account.
Union Pacific EVP & Chief Information Office Rahul Jalali reported several common stock transactions in early February 2026. On February 9, 2026, he disposed of 4,048 shares at $0.0 per share and had 34,306.002 shares directly beneficially owned afterward. That same day, a separate transaction coded F involved 1,237 shares at $254.34, leaving him with 33,069.002 shares directly owned.
On February 10, 2026, Jalali acquired 8.679 shares of common stock at $261.32 per share in a transaction noted as a purchase under the 2021 Employee Stock Purchase Plan, resulting in 33,077.681 Union Pacific shares directly beneficially owned.
Union Pacific Corporation executive Christina B. Conlin, EVP Chief Legal Officer & Corporate, acquired additional company stock through an employee plan. On February 10, 2026, she purchased 6.601 shares of common stock at $261.32 per share under the 2021 Employee Stock Purchase Plan.
Following this transaction, she beneficially owns 15,978.435 shares of Union Pacific common stock, held in direct ownership. The filing reflects a routine employee stock purchase rather than a sale, indicating an incremental increase in her direct equity stake.
Union Pacific Corporation’s chief executive officer and director Vincenzo J. Vena reported acquiring 28.701 shares of common stock on 02/10/2026 at a price of $261.32 per share. The purchase was made pursuant to the company’s 2021 Employee Stock Purchase Plan and brought his directly held stake to 220,652.96 shares.
Union Pacific Corporation reported new equity awards for CEO and director Vincenzo J. Vena. On February 5, 2026, he acquired 83,516 shares of common stock from a performance retention unit award, representing the maximum shares he may earn based on three-year performance goals.
He was also granted a non-qualified stock option for 139,107 shares of common stock at an exercise price of $251.45 per share. This option becomes exercisable in three equal installments starting one year from the grant date and expires on February 5, 2036. Following these transactions, he directly holds 220,624.259 shares of common stock and 139,107 options.
Union Pacific executive Kenyatta G. Rocker reported new equity awards and share holdings. On February 5, 2026, the EVP of Marketing & Sales received 15,512 performance retention units in common stock at $0 per share. These units pay out on a 1:1 share basis after a three-year vesting period, with the final number of shares dependent on performance criteria.
Rocker also received a non-qualified stock option for 25,836 shares with a $251.45 exercise price, vesting in three equal installments starting one year from the grant date and expiring on February 5, 2036. Following the grants, he directly held 67,669.1007 common shares, with additional indirect holdings including 1,315.0245 shares held by his spouse and shares in company stock and retirement plans.
Union Pacific VP & Controller Carrie J. Powers reported new equity awards dated February 5, 2026. She acquired 1,672 shares of common stock at $0.0 under a performance retention unit award that vests over three years and pays out only if performance goals are met.
She was also granted a non-qualified stock option for 2,784 shares with a $251.45 exercise price, becoming exercisable in three equal annual installments starting one year after the grant and expiring on February 5, 2036. After these transactions, she directly held 9,092.272 shares of common stock and 2,784 options, plus 958.251 shares held indirectly in a managed account.
Union Pacific executive Rahul Jalali reported new equity awards tied to his role as EVP & Chief Information Office. On February 5, 2026, he received a performance retention unit award reported as 9,546 shares of common stock at $0.0 per share. This represents the maximum number of shares he may earn, with payout in stock after a three-year vesting period, depending on performance goals.
On the same date, Jalali was also granted a non-qualified stock option for 15,900 shares of Union Pacific common stock at an exercise price of $251.45 per share, vesting in three equal installments starting one year from the grant date and expiring on February 5, 2036. Following these awards, he directly owns 38,354.002 shares of common stock and 15,900 stock options.
Union Pacific Corporation’s EVP & Chief Financial Officer Jennifer L. Hamann reported new equity awards dated 02/05/2026. She received 17,898 shares of common stock at $0.0, representing a performance retention unit award payable only in stock, with a three-year vesting period and payout based on performance criteria.
She was also granted a non-qualified stock option for 29,811 shares at an exercise price of $251.45, becoming exercisable in three equal installments starting one year from the grant date and expiring on 02/05/2036. After these transactions, she directly owns 126,739.8976 common shares and indirectly holds 5,654.613 shares through a deferral account, plus the new option grant.
Union Pacific EVP Operations Eric J. Gehringer reported new equity awards. On February 5, 2026, he acquired 15,512 shares of Union Pacific common stock at $0.00 per share, bringing his directly held common stock to 60,050.9836 shares, with another 7,264.067 shares held indirectly in a deferral account.
He was also granted a non-qualified stock option for 25,836 shares of common stock at an exercise price of $251.45 per share. This option becomes exercisable in three equal installments starting one year from the grant date and expires on February 5, 2036. Some of the stock-related awards are tied to performance and vesting conditions, and may pay out only if specified performance criteria are met.
Union Pacific Corporation executive Christina B. Conlin reported new equity awards. On 02/05/2026, she was granted 10,738 shares of common stock at $0.0 per share, bringing her directly held common stock to 15,971.834 shares.
She also received a non-qualified stock option for 17,886 shares with a $251.45 exercise price, expiring on 02/05/2036. The option vests in three equal annual installments starting one year from the grant date. The common stock award is structured as a performance retention unit grant with a 1:1 share payout ratio, subject to a three-year vesting period and performance criteria.
Union Pacific Corporation executive Kenyatta G. Rocker reported a small insider transaction involving company stock. On 02/03/2026, 15 shares of Union Pacific common stock held indirectly through a spouse were disposed of at a price of $241.49 per share under transaction code "F," typically used for shares withheld to cover taxes.
After this transaction, the filing shows 1,275.0245 Union Pacific shares held indirectly by spouse, 52,157.1007 shares held directly, 350 shares held indirectly through a deferral account, and 2,036.7649 shares held indirectly through a managed account. A footnote explains that these figures include holdings in Union Pacific’s payroll-based and tax-reduction stock ownership plans and 401(k) plan.
Union Pacific Corporation executive Christina B. Conlin, EVP Chief Legal Officer & Corp, reported a small purchase of company common stock through an employee program. On January 10, 2026, she acquired 0.211 shares of Union Pacific common stock at a price of $228.44 per share. The filing notes this was a purchase pursuant to the 2021 Employee Stock Purchase Plan, indicating it was made under a company-sponsored plan rather than an open-market trade. Following this transaction, Conlin beneficially owned a total of 5,233.834 shares of Union Pacific common stock in direct ownership.
Union Pacific Corporation executive Kenyatta G. Rocker, EVP Marketing & Sales, reported an indirect acquisition of Union Pacific common stock on January 10, 2026. A spouse account purchased 3.138 shares of common stock at $228.44 per share, pursuant to the company’s 2021 Employee Stock Purchase Plan, bringing spouse-held shares to 1,289.8231 shares after the transaction.
Following this filing, Rocker is reported as beneficially owning 52,157.1007 shares of Union Pacific common stock directly. Additional indirect holdings include 350 shares held by a deferral account and 2,034.9999 shares held by a managed account, as well as the spouse-held shares. Certain holdings are noted as being in Union Pacific payroll-based and tax-reduction stock ownership plans and a 401(k) plan.
Union Pacific Corp officer Carrie J. Powers, VP & Controller, acquired 6.676 shares of common stock on January 10, 2026 at $228.44 per share. The purchase was made pursuant to the company’s 2021 Employee Stock Purchase Plan. Following this transaction, Powers directly beneficially owned 7,420.272 shares of Union Pacific common stock and indirectly beneficially owned 958.251 shares through a managed account.
Union Pacific Corp director reports phantom stock grant
Christopher J. Williams, a director of Union Pacific Corp, reported an award of derivative securities in the form of phantom stock units on 01/02/2026. The filing shows an acquisition of 223 phantom stock units at a reported price of $231.91 per derivative security, with a distribution ratio of 1:1 to Union Pacific common stock. These phantom stock units have a stated conversion or exercise price of $0.0 and are payable in cash only, commencing at retirement.
Following this transaction, Williams beneficially owned 5,980 derivative securities in the form of phantom stock units, held directly. The transaction is reported on a Form 4 filed by a single reporting person and reflects non-derivative ownership through a cash-settled, stock-based compensation vehicle rather than direct ownership of common shares.
Union Pacific Corporation director John P. Wiehoff reported receiving a new grant of phantom stock units tied to the company’s common stock. On 01/02/2026, he acquired 199 phantom stock units at a reference price of $231.91 per unit. Each phantom stock unit has a 1:1 distribution ratio with Union Pacific common stock but is payable in cash only, commencing at retirement. Following this transaction, Wiehoff beneficially owned 1,858 derivative securities directly in the form of phantom stock units.
Union Pacific Corp. director John K. Tien, Jr. reported an equity-related transaction dated 01/02/2026. The filing shows an acquisition of 197 Phantom Stock Units, which are derivative securities tied to Union Pacific common stock on a 1:1 distribution ratio.
Following this transaction, Tien beneficially owns 1,581 Phantom Stock Units, held in direct form. These Phantom Stock Units are described as being payable in cash only commencing at retirement, meaning they track the value of Union Pacific common shares but settle in cash rather than stock.