Form 4: Union Pacific EVP Acquires Shares via ESPP

Kenyatta G. Rocker, EVP Marketing & Sales at Union Pacific Corp, acquired 3.203 shares of common stock through an employee stock purchase plan.

Summary

• Kenyatta G. Rocker, Executive Vice President of Marketing & Sales at Union Pacific Corp (UNP), acquired 3.203 shares of common stock.
• The acquisition took place on November 10, 2025, at a price of $223.88 per share.
• The purchase was made pursuant to the 2021 Employee Stock Purchase Plan.
• Following this transaction, Rocker's beneficial ownership includes 52,157.1007 shares held directly, 1,281.5992 shares held indirectly by a spouse, 350 shares held indirectly by a deferral account, and 2,035.4572 shares held indirectly by a managed account (which includes holdings in Union Pacific's Payroll-based, Tax-reduction stock ownership plans, and 401(k) plan).

Sentiment

Score: 6

Explanation: The acquisition of shares by a key executive, even a small amount, can be interpreted as a positive signal of confidence in the company's future prospects. However, the transaction is part of an employee stock purchase plan, which is a routine event and not a significant discretionary investment.

Positives

• An executive's acquisition of company shares, even a small amount, can signal confidence in the company's future performance.

Future Outlook

na

Industry Context

na

Stakeholder Impact

• Shareholders may view the executive's participation in the employee stock purchase plan as a minor positive indicator of management alignment with shareholder interests.

Key Dates

Recommendation

The reported transaction is a routine acquisition of a small number of shares by an executive through an employee stock purchase plan. While insider buying can be a positive signal, the size and nature of this transaction do not provide a strong enough catalyst to warrant a change in investment recommendation. It primarily reflects participation in a standard employee benefit program rather than a significant discretionary investment decision.

Keywords

Union Pacific, UNP, Kenyatta G. Rocker, Insider Transaction, SEC Form 4, Stock Purchase, Employee Stock Purchase Plan, Executive Compensation