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 executive Rahul Jalali, EVP & Chief Information Office, reported an acquisition of 8.2120 shares of common stock on 2026-08-10 at $292.2400 per share. The transaction was a purchase pursuant to the 2021 Employee Stock Purchase Plan, bringing his directly held stake to 33,130.9580 shares.
Union Pacific Corporation reported higher Q2 2026 results, with total operating revenues of $6.864 billion versus $6.154 billion a year earlier and net income of $1.993 billion versus $1.876 billion. Diluted EPS was $3.36, and the operating ratio was 59.7%, 0.7 points worse as fuel costs rose.
Freight revenues increased 12% to $6.518 billion on 2% volume growth, led by double‑digit gains in intermodal, grain and grain products, and automotive. Fuel surcharge revenues climbed to $1.0 billion, helping offset a roughly 60% jump in diesel prices. Operating expenses grew 13%, including $35 million of Norfolk Southern acquisition-related costs.
The pending Norfolk Southern transaction would add about 225 million Union Pacific shares and approximately $20 billion of cash consideration, subject to Surface Transportation Board approval and other conditions, with completion currently expected in 2027. For the first six months, cash from operations was $5.516 billion, capital investments $1.810 billion, and adjusted debt-to-adjusted EBITDA 2.5x, alongside $1.6 billion of cash, $500 million of short-term investments, and an undrawn $2.0 billion credit facility.
Union Pacific Corporation reported strong second quarter 2026 results, with net income of $1.993 billion, up 6% from $1.876 billion, and diluted EPS of $3.36, up 7% from $3.15. Adjusted net income was $2.028 billion, up 12%, and adjusted diluted EPS reached $3.41, up 13%. Total operating revenue rose 12% to $6.864 billion, driven by a 12% increase in freight revenue, including 21% growth in Premium segment freight revenue and 8% growth in Industrial freight revenue.
The reported operating ratio was 59.7%, with an adjusted operating ratio of 59.2%; higher fuel prices increased fuel expense 63% and adversely impacted operating ratio by 120 basis points. Year-to-date, Union Pacific generated $5.516 billion of cash from operations and $1.812 billion of free cash flow, while investing $1.810 billion in capital, supporting a capital plan of $3.3 billion and continued dividends. Debt to net income stood at 4.1x, and adjusted debt to adjusted EBITDA at 2.5x. The 2026 outlook is described as improved, with reported EPS growth targeted in the high-single digits, consistent with a three-year EPS CAGR goal of high-single to low-double digits through 2027. Union Pacific also discusses a definitive merger agreement to acquire Norfolk Southern, highlighting regulatory, integration, financing, and execution risks around the proposed transaction.
Union Pacific Corp executive Kenyatta G. Rocker, EVP Marketing & Sales, reported compensation-related acquisitions of common stock on July 10, 2026. Indirectly, 2.592 shares held by a spouse and 4.879 shares held directly were acquired at $286.96 per share, described as purchases under the 2021 Employee Stock Purchase Plan. Following these transactions, Rocker holds 61,133.1447 shares directly and additional indirect interests, including 1,305.7853 shares via a spouse, 2,048.6451 shares in a managed account, and 350 shares in a deferral account.
Union Pacific Corp VP & Controller Carrie J. Powers reported an acquisition of common stock under a company plan. On 10 July 2026, she acquired 5.506 shares of Union Pacific common stock at $286.96 per share, described as a purchase pursuant to the 2021 Employee Stock Purchase Plan. Following this award, she holds 8,135.902 shares directly and 967.705 shares indirectly through a managed account.
UNION PACIFIC CORP executive Rahul Jalali, EVP & Chief Information Office, reported acquiring 8.364 shares of common stock on July 10, 2026. The shares were obtained at $286.96 per share pursuant to the company’s 2021 Employee Stock Purchase Plan. Following this acquisition, Jalali directly holds 33,122.746 shares of UNION PACIFIC CORP common stock.
Union Pacific Corp EVP & CFO Jennifer L. Hamann reported an acquisition of 8.102 shares of common stock on July 10, 2026 at $286.96 per share, noted as a purchase under the 2021 Employee Stock Purchase Plan. Following this, she holds 114,667.4606 shares directly and 5,715.628 shares indirectly through a deferral account.
Union Pacific Corp EVP and Chief Legal Officer Christina B. Conlin acquired 2.213 shares of common stock on July 10, 2026 at $286.96 per share. The acquisition was made pursuant to the company’s 2021 Employee Stock Purchase Plan, bringing her direct holdings to 16,009.479 shares.
WILLIAMS CHRISTOPHER J reported acquisition or exercise transactions in this Form 4 filing.
UNION PACIFIC CORP director Christopher J. Williams received a grant of 189 Phantom Stock Units tied to the company’s common stock. The units were awarded at a reference price of $277.73 per unit, bringing his total Phantom Stock holdings to 6,382 units.
Each Phantom Stock Unit has a 1:1 distribution ratio to Union Pacific common stock but is payable in cash only, commencing at retirement. This is a compensation-related award rather than an open-market stock purchase or sale and does not change the company’s share count.
UNION PACIFIC CORP director Will W. Anthony received a grant of 159 Phantom Stock units tied to the company’s common stock. The award is classified as a grant or other acquisition and increases his Phantom Stock holdings to 338 units.
Each Phantom Stock unit has a reference price of $277.73 and is linked to one share of Union Pacific common stock on a 1:1 basis. These Phantom Stock units are payable in cash only, commencing at retirement, making this a cash-settled, equity-linked compensation award rather than an open-market stock purchase.