Form 4: Union Pacific EVP Eric Gehringer Sells Shares

Union Pacific EVP of Operations Eric J. Gehringer sold 1,999 shares of common stock via a pre-arranged trading plan.

Summary

• Eric J. Gehringer, EVP of Operations at Union Pacific Corp (UNP), sold 1,999 shares of common stock.
• The transaction occurred on March 20, 2026, at a price of $234.93 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on December 19, 2025.
• Following the transaction, the reporting person maintains direct ownership of 45,973.3656 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a small portion of the executive's total holdings.

Positives

• The sale was conducted under a pre-established Rule 10b5-1 plan, which is a standard mechanism for executives to sell shares without triggering insider trading concerns.

Negatives

• The transaction represents a reduction in the executive's direct equity stake in the company.

Risks

• None identified in this specific filing.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that executive stock sales under 10b5-1 plans are routine corporate governance events and generally do not signal a change in operational outlook or management confidence.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for senior executives at major U.S. corporations to manage personal liquidity while maintaining compliance with SEC regulations.

Stakeholder Impact

• Minimal impact on shareholders as the sale was executed via a pre-planned trading program.

Next Steps

• No future actions or milestones mentioned.

Key Dates

Keywords

Union Pacific, UNP, Insider Trading, Form 4, Eric Gehringer, Stock Sale