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 (UNP) Form 4: EVP Marketing & Sales Kenyatta G. Rocker reported an open market acquisition tied to the company plan on 11/10/2025. The filing shows an acquisition of 3.203 shares of common stock at $223.88, noted as “Purchase pursuant to the 2021 Employee Stock Purchase Plan.” The acquired shares are held indirectly by spouse, bringing that indirect position to 1,281.5992 shares.
Following the transaction, reported holdings include 52,157.1007 shares held directly, 350 shares held indirectly by a deferral account, and 2,035.4572 shares held indirectly by a managed account.
Union Pacific Corporation (UNP) executive Carrie J. Powers, VP & Controller, filed a Form 4 reporting an open market acquisition on 11/10/2025. She acquired 6.811 shares of common stock at a price of $223.88.
Following the transaction, Powers beneficially owns 7,407.119 shares directly and 952.868 shares indirectly through a managed account. The filing notes the purchase was made pursuant to the 2021 Employee Stock Purchase Plan.
Union Pacific (UNP): EVP Chief Legal Officer Christina B. Conlin reported a routine share purchase under the 2021 Employee Stock Purchase Plan. On 11/10/2025, she acquired 7.705 shares of common stock at $223.88 per share. Following this transaction, her directly held beneficial ownership stands at 5,226.297 shares.
Union Pacific Corporation reported supplemental disclosures tied to its pending merger with Norfolk Southern and noted three New York lawsuits and shareholder demand letters alleging disclosure deficiencies. The companies dispute the claims but are providing additional details to moot them. Special shareholder meetings are set for November 14, 2025.
The added disclosures outline key valuation inputs used by advisors. BofA’s pro forma analysis assumes approximately 27.5% ownership for Norfolk Southern holders based on 225.152 million Union Pacific shares to be issued, $88.82 per-share cash consideration, and incremental transaction net debt of $20.4 billion. Morgan Stanley’s discounted equity analyses applied AV/NTM Adjusted EBITDA ratios of 11.5x–13.5x for Norfolk Southern (NTM EBITDA $6,663 million, net debt $13.8 billion) and 12.5x–14.5x for Union Pacific (NTM EBITDA $13,664 million, net debt $34.4 billion). Analyst price targets cited ranged from $174–$300 for Norfolk Southern and $202–$275 for Union Pacific.
Union Pacific (UNP): EVP Marketing & Sales Kenyatta G. Rocker reported a charitable gift of 23 shares of common stock (Transaction Code G) on 11/04/2025 at a stated price of $0.0. Following the transaction, the executive directly owns 52,157.1007 shares.
Reported indirect holdings include 350 shares by a Deferral Account, 2,035.2976 shares by a Managed Account, and 1,278.0453 shares by spouse. The filing notes the contribution was made to a non‑affiliated entity.
Union Pacific (UNP) reported Q3 2025 results with total operating revenues of $6.244 billion, net income of $1.788 billion, diluted EPS of $3.01, and an operating ratio of 59.2% (improved 1.1 points year over year). Freight revenues rose 3% to $5.927 billion as core pricing and mix offset lower fuel surcharges, with strength in Bulk and Industrial and softer Premium due to a 17% decline in international intermodal.
Year to date, operating cash flow reached $7.065 billion, funding $2.792 billion of capital investments, $2.679 billion of share repurchases, and $2.418 billion of dividends. The company issued $2.0 billion of unsecured notes (5.100% due 2035 and 5.600% due 2054) under a $20.0 billion shelf authorization and ended the quarter with $68.647 billion in assets and $17.304 billion of equity. As of October 17, 2025, 593,160,889 common shares were outstanding.
Strategic update: UNP agreed to acquire Norfolk Southern, with each NSC share to receive one UNP share plus $88.82 in cash; approximately 224.8 million UNP shares and about $20 billion cash are expected, subject to shareholder approvals and Surface Transportation Board clearance. Special meetings are set for November 14, 2025, and share repurchases are paused pending the transaction.
Union Pacific Corporation filed an 8-K to report that, on October 23, 2025, it issued a press release announcing its financial results for the quarter ended September 30, 2025. The press release is furnished as Exhibit 99.1 and is incorporated by reference. This disclosure is made under Item 2.02 – Results of Operations and Financial Condition. Union Pacific’s common stock trades on the NYSE under the symbol UNP.
Union Pacific (UNP) insider transaction: EVP & Chief Information Officer Rahul Jalali reported purchasing 0.142 shares of Union Pacific common stock on 10/10/2025 at $225.45 per share. The filing states the purchase was made pursuant to the 2021 Employee Stock Purchase Plan. After this transaction, he beneficially owns 28,808.002 shares directly.
Union Pacific (UNP) reported an insider purchase by an officer. On 10/10/2025, the EVP Chief Legal Officer & Corp acquired 7.651 shares of common stock at $225.45 per share, pursuant to the 2021 Employee Stock Purchase Plan.
Following this transaction, the reporting person beneficially owns 5,218.592 shares, held directly.
Union Pacific (UNP) officer Carrie J. Powers reported an open market acquisition under the company’s plan. On 10/10/2025, she acquired 6.765 shares of common stock at $225.45 per share pursuant to the 2021 Employee Stock Purchase Plan.
Following this transaction, her holdings total 7,400.308 shares held directly and 952.793 shares held indirectly by a managed account.