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.
The Union Pacific Corporation (UNP) SEC filings page on Stock Titan brings together the company’s regulatory disclosures from the U.S. Securities and Exchange Commission, including current reports on Form 8-K, annual reports on Form 10-K and other key documents. Union Pacific is a major freight railroad operating in 23 western U.S. states, and its filings provide detailed insight into its operations, governance, capital structure and strategic transactions.
Recent Form 8-K filings highlight Union Pacific’s Agreement and Plan of Merger with Norfolk Southern Corporation. These reports describe the planned two-step merger structure under which Norfolk Southern would become a wholly owned subsidiary of Union Pacific, subject to regulatory approvals and other conditions. Related 8-Ks cover the filing of a registration statement on Form S-4, the joint proxy statement/prospectus, special shareholder meetings, voting results on the issuance of Union Pacific shares, and the submission of a comprehensive application to the Surface Transportation Board to approve the proposed combination.
Other 8-Ks report on topics such as quarterly financial results, litigation related to the merger disclosures, and board changes, including the election of W. Anthony Will as a director and his committee assignments. These filings also include extensive cautionary language on forward-looking statements and cross-references to Union Pacific’s Form 10-K risk factors, giving investors context on regulatory, operational, financial and legal risks.
On Stock Titan, investors can use AI-powered summaries to quickly understand the substance of lengthy Union Pacific filings, from merger agreements and supplemental disclosures to earnings-related 8-Ks. Real-time updates from EDGAR ensure that new documents, including future 10-K and 10-Q reports and any Form 4 insider transaction filings, are surfaced promptly. This helps users navigate complex material, identify key terms and conditions in the Norfolk Southern transaction, and track how Union Pacific describes its performance, governance and risk profile over time.
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.
Union Pacific director Teresa M. Finley reported an acquisition of derivative securities linked to the company’s stock. On 01/02/2026, she acquired 206 phantom stock units, which are derivative securities that reference Union Pacific common stock on a 1:1 basis. Each phantom stock unit is tied to the value of one share of common stock.
The filing shows a price of $231.91 for the derivative security and indicates that, after this transaction, Finley beneficially owns 3,128 phantom stock units, held directly. These phantom stock units are payable in cash only, and payment commences at retirement rather than delivering actual shares.
Union Pacific Corporation director Sheri H. Edison reported a compensation-related transaction involving derivative securities tied to the company’s common stock. On 01/02/2026, Edison acquired 207 Phantom Stock Units at a price of $231.91 per unit. Each unit has a 1:1 distribution ratio to Union Pacific common stock but is payable in cash only commencing at retirement, rather than in actual shares.
Following this transaction, Edison beneficially owned 3,244 derivative securities, held in direct form. The transaction was reported on a Form 4 filed for a single reporting person, and the form was signed by Trevor L. Kingston as attorney-in-fact for Sheri H. Edison.
Union Pacific Corporation director David B. Dillon reported an acquisition of derivative securities linked to Union Pacific common stock. On 01/02/2026, he acquired 267 Phantom Stock Units at a conversion or exercise price of $0.0 per unit. Each Phantom Stock Unit represents a right tied to one share of common stock, based on a 1:1 distribution ratio.
The Phantom Stock Units are payable in cash only commencing at retirement, rather than in actual shares. Following this transaction, Dillon held 13,366 derivative securities beneficially owned in direct form, all related to Union Pacific common stock. The reported price of the derivative security in the table is $231.91.
Union Pacific Corporation reported that, on December 19, 2025, it and Norfolk Southern Corporation filed an application with the Surface Transportation Board seeking approval for a proposed combination in which Union Pacific would acquire Norfolk Southern. The companies also issued a joint press release and held an analyst conference call to explain key points of the application, with the release and call transcript furnished as exhibits to this report and made available on their investor websites.
The filing emphasizes that the merger remains subject to regulatory and other closing conditions and includes extensive cautionary language about forward‑looking statements. It highlights risks such as potential termination of the merger agreement, regulatory approvals that may impose conditions, integration challenges, possible cost increases, credit rating pressure, dilution from issuing additional Union Pacific shares, and ongoing legal and environmental matters, including those related to Norfolk Southern’s Eastern Ohio incident.
Union Pacific Corporation announced that its Board of Directors has elected W. Anthony Will, age 60, as a director effective January 5, 2026. He will also serve on the Board’s Audit and Finance Committees, which oversee financial reporting, controls and capital matters.
Will is currently President and Chief Executive Officer of CF Industries Holdings, Inc., and will retire from that role on January 4, 2026. He will then serve as an employee and Senior Advisor at CF Industries until March 15, 2026, and remain on CF Industries’ board until its 2026 annual meeting. The Union Pacific Board determined that he is independent under New York Stock Exchange listing standards and the company’s own independence criteria and that he has no material relationship with Union Pacific or its consolidated subsidiaries.
Union Pacific Corporation executive stock purchase reported. Executive Vice President and Chief Legal Officer Christina B. Conlin acquired 7.326 shares of Union Pacific common stock on 12/10/2025 at a price of $235.46 per share. The transaction was made under the company’s 2021 Employee Stock Purchase Plan, indicating a routine, programmatic acquisition rather than an open-market trade. Following this purchase, Conlin directly beneficially owns 5,233.623 shares of Union Pacific common stock.
Union Pacific Corporation officer reports small stock purchase under employee plan
A Union Pacific Corporation vice president and controller, Carrie J. Powers, reported acquiring 6.477 shares of Union Pacific common stock on 12/10/2025. The shares were purchased at a price of $235.46 per share and were obtained pursuant to the company’s 2021 Employee Stock Purchase Plan.
Following this transaction, Powers beneficially owns 7,413.596 Union Pacific shares held directly and an additional 952.394 shares held indirectly through a managed account. The filing reflects a routine update of equity ownership by a company officer rather than a major change in holdings.
Union Pacific Corporation executive Kenyatta G. Rocker, EVP Marketing & Sales, reported a small purchase of company stock. On 12/10/2025, an indirect purchase of 3.045 shares of common stock at $235.46 per share was made, noted as a purchase pursuant to the 2021 Employee Stock Purchase Plan.
After this transaction, Rocker reports 1,284.9951 shares held indirectly by spouse, 52,157.1007 shares held directly, 350 shares held through a deferral account, and 2,034.4439 shares held in a managed account, reflecting total reported beneficial ownership across multiple accounts.
Union Pacific Corporation executive vice president and chief financial officer Jennifer L. Hamann reported a charitable stock gift in a Form 4 filing. On 12/04/2025, she donated 300 shares of Union Pacific common stock, recorded with a transaction code G (gift) at a price of $0.0 per share, reflecting that it was not a sale for value. After this transaction, she beneficially owned 108,841.8976 shares directly and 5,621.328 shares indirectly through a deferral account. The filing notes that the contribution was made to a non-affiliated entity, indicating it was an external charitable organization.