Form 4: Union Pacific EVP Jennifer Hamann Reports Stock Purchase Under Employee Plan

Jennifer Hamann, EVP & CFO of Union Pacific, reports the acquisition of common stock through the 2021 Employee Stock Purchase Plan.

Summary

• On April 10, 2025, Jennifer L. Hamann, EVP & CFO of Union Pacific Corp, acquired 11.347 shares of common stock at a price of $219.32 per share.
• The acquisition was made through the 2021 Employee Stock Purchase Plan.
• Following the transaction, Hamann directly owns 109,087.7606 shares of Union Pacific common stock.
• She also indirectly owns 5,556.339 shares through a deferral account.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock purchase under employee plan) which is generally viewed as a neutral to slightly positive indicator of management confidence.

Positives

• Executive participation in the Employee Stock Purchase Plan signals confidence in the company's future.

Industry Context

Executive stock purchases are common and often viewed positively, reflecting management's belief in the company's prospects. This purchase is part of a standard employee benefit program.

Comparison to Industry Standards

• Executive compensation packages often include stock options and employee stock purchase plans.
• Monitoring executive stock transactions provides insights into management's sentiment and alignment with shareholder interests.
• Comparing Hamann's holdings and transactions to those of executives at peer companies like Norfolk Southern (NSC) and CSX Corporation (CSX) can provide a broader context.

Stakeholder Impact

• The transaction has a minor positive impact on shareholder sentiment as it reflects executive confidence.
• The employee stock purchase plan benefits employees by allowing them to purchase company stock at potentially favorable terms.

Key Dates

Keywords

Union Pacific, UNP, Jennifer Hamann, EVP, CFO, stock purchase, employee stock purchase plan, Form 4, beneficial ownership