Welcome to our dedicated page for Union Pacific SEC filings (Ticker: UNP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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 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 Corporation delivered higher profit in the first quarter of 2026 while advancing its planned acquisition of Norfolk Southern. Net income rose to $1.7 billion from $1.6 billion a year earlier, with diluted earnings per share increasing to $2.87 from $2.70.
Total operating revenues grew 3% to $6.2 billion, led by a 4% increase in freight revenues as core pricing, fuel surcharges, and a favorable mix offset a 1% decline in carloads. Operating expenses rose 3%, but strong productivity kept the operating ratio slightly better at 60.5%.
Cash from operations was $2.4 billion, funding $937 million of capital investments and $821 million of dividends, with no share repurchases as buybacks are paused during the pending Norfolk Southern transaction. Union Pacific expects to issue about 225 million shares and pay roughly $20 billion in cash at closing, subject to Surface Transportation Board approval and other conditions, with completion currently expected in 2027.
Union Pacific Corporation reported first quarter 2026 net income of $1.7 billion, or $2.87 diluted EPS, including $36 million of merger costs. Adjusted net income was $1.7 billion, or $2.93 adjusted diluted EPS, up from $1.6 billion and $2.70 a year earlier.
Operating revenue reached $6.2 billion, a 3% increase, with freight revenue of $5.9 billion up 4%. The reported operating ratio improved to 60.5%, and the adjusted operating ratio improved to 59.9%. Free cash flow rose to $631 million on cash from operations of $2.44 billion and $988 million of investing outflows.
The company highlighted record first-quarter operating revenue, operating income, net income and freight revenue, alongside better safety and efficiency metrics such as higher freight car velocity and lower fuel consumption rate. Management affirmed its 2026 outlook, targeting mid-single digit reported EPS growth, operating ratio improvement, a $3.3 billion capital plan, and consistent annual dividend increases while it advances regulatory approvals for its planned acquisition of Norfolk Southern.
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.