Form 4: Union Pacific EVP Kenyatta G. Rocker Reports Stock Acquisitions

Kenyatta G. Rocker, EVP of Marketing & Sales at Union Pacific, reports acquiring shares of common stock through the Employee Stock Purchase Plan.

Summary

• Kenyatta G. Rocker, an EVP at Union Pacific, filed a Form 4 detailing changes in beneficial ownership.
• On April 10, 2025, Rocker acquired 16.224 shares of Union Pacific common stock at a price of $219.32 per share through the 2021 Employee Stock Purchase Plan.
• Additionally, 3.814 shares were acquired by spouse at $219.32.
• Rocker also holds shares indirectly through a deferral account (350 shares) and a managed account (2,022.1204 shares).
• Following the reported transactions, Rocker directly owns 52,182.1977 shares of Union Pacific common stock and 1,253.4466 indirectly by spouse.
• The filing also includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing indicates an executive's participation in the company's stock purchase plan, suggesting confidence in the company's value. It's a routine transaction, so the impact is moderate.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates Rocker's investment in Union Pacific's future.

Industry Context

Executive stock transactions are common and closely monitored as they can provide insights into management's confidence in the company's prospects. This transaction reflects an executive's participation in a company-sponsored stock purchase plan.

Comparison to Industry Standards

• Executive compensation packages often include stock options and employee stock purchase plans to align management's interests with those of shareholders.
• Similar programs are common at companies like Norfolk Southern (NSC) and CSX Corporation (CSX), where executives regularly participate in stock-based compensation plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it reflects management's investment in the company.

Key Dates

Keywords

Union Pacific, UNP, Kenyatta G. Rocker, EVP, Marketing & Sales, Form 4, Beneficial Ownership, Employee Stock Purchase Plan, Stock Acquisition