Union Pacific Corp. filings document the regulatory record of a New York Stock Exchange-listed freight railroad with common stock trading under UNP. The company’s 8-K reports cover quarterly and annual operating results, material events, material agreements, capital-structure matters, governance changes and shareholder voting matters.
Proxy materials describe board elections, committee service, executive compensation, shareholder proposals and other annual-meeting governance items. Registration and transaction-related disclosures address common-stock issuance, risk factors and voting mechanics, while other filings record board appointments and formal updates to the company’s corporate and financial reporting obligations.
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 Corporation director reports no share ownership. A Form 3 was filed for W. Anthony Will in connection with Union Pacific Corporation (ticker UNP), reflecting his status as a director of the company. The filing states that no Union Pacific securities, either direct or indirect, are beneficially owned, and there are no derivative securities reported.
The Vanguard Group filed an amended Schedule 13G reporting its holdings in Union Pacific Corp common stock. Vanguard reports beneficial ownership of 59,326,968 shares, representing 10% of Union Pacific’s common stock as of the stated date. Vanguard has no sole voting power, but reports shared voting power over 3,972,350 shares. It has sole dispositive power over 53,130,683 shares and shared dispositive power over 6,196,285 shares, reflecting its role as an investment adviser managing client assets. The filing states that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Union Pacific.
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.
Union Pacific Corp director Doyle R. Simons reported an insider equity transaction involving phantom stock. On January 2, 2026, he acquired 361 phantom stock units, each tied on a 1:1 basis to Union Pacific common stock. These units have a conversion or exercise price of $0.0 and reference 361 shares of common stock at an indicated price of $231.91 per share. Following this award, Simons beneficially owns 3,015 phantom stock units in total. The phantom stock units are payable in cash only, commencing at retirement.
Union Pacific Corporation director reports new phantom stock grant. Director Michael R. McCarthy filed a Form 4 showing the acquisition of 957 phantom stock units on 01/02/2026. Each unit is tied 1:1 to Union Pacific common stock, giving economic exposure equivalent to 957 shares.
Following this transaction, McCarthy beneficially owns 71,097 derivative securities in the form of phantom stock units, held as a direct interest. The phantom stock units are payable in cash only, commencing at retirement, meaning he does not receive actual shares but a cash amount linked to the stock’s value.
Union Pacific Corporation director Jane H. Lute reported an equity-related transaction involving phantom stock units. On 01/02/2026, she acquired 412 Phantom Stock Units at a conversion ratio of 1:1 to Union Pacific common stock, as disclosed in Table II. These phantom units are described as payable in cash only commencing at retirement, meaning they track the value of the stock but settle in cash rather than shares.
Following this transaction, Lute beneficially owned 11,688 derivative securities in the form of phantom stock units, held in direct form. The filing clarifies that the phantom stock units reference Union Pacific common stock but do not themselves represent currently exercisable stock ownership.
Union Pacific Corporation director Deborah C. Hopkins reported a new equity-linked award. On 01/02/2026, she acquired 261 phantom stock units tied to Union Pacific common stock. Each unit has a 1:1 distribution ratio to common shares and is payable in cash only, commencing at retirement. The filing shows a reference price of $231.91 per underlying share and indicates that, following this transaction, Hopkins beneficially owns 12,530 derivative securities in the form of phantom stock units, held directly.