Form 4: Union Pacific Executive Boosts Stake in Company

Union Pacific's EVP Chief Legal Officer, Christina B. Conlin, acquired 7.326 shares of common stock through an employee stock purchase plan.

Summary

• Christina B. Conlin, Executive Vice President, Chief Legal Officer & Corporate Secretary of Union Pacific Corp (UNP), acquired 7.326 shares of common stock.
• The transaction occurred on December 10, 2025, at a price of $235.46 per share.
• The acquisition was made pursuant to the 2021 Employee Stock Purchase Plan.
• Following this transaction, Christina B. Conlin beneficially owns a total of 5,233.623 shares of Union Pacific Corp common stock.

Sentiment

Score: 6

Explanation: The acquisition of shares by an executive, even a small amount, is generally viewed as a positive signal of confidence in the company's future performance and aligns management's interests with shareholders.

Positives

• An executive's purchase of company stock, even a small amount, can signal confidence in the company's future prospects.
• Participation in an Employee Stock Purchase Plan (ESPP) demonstrates alignment of employee interests with shareholder interests.

Future Outlook

na

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends. It reflects an individual executive's participation in a company-sponsored stock purchase plan.

Stakeholder Impact

• Shareholders: May view the insider purchase as a minor positive signal of management confidence in the company's value.
• Employees: The transaction highlights the availability and utilization of the 2021 Employee Stock Purchase Plan, potentially encouraging other eligible employees to participate.

Key Dates

Keywords

Union Pacific, UNP, Insider Trading, Stock Purchase, Executive Compensation, Form 4, Employee Stock Purchase Plan, Common Stock