Form 4: Union Pacific Executive Buys Stock

Union Pacific EVP Operations Eric J. Gehringer acquired company stock through the employee stock purchase plan and conversion of restricted stock units.

Summary

• Eric J. Gehringer, EVP Operations at Union Pacific Corp (UNP), purchased 14,969 shares of common stock on April 10, 2026, for $250.51 per share, totaling approximately $3.75 million.
• This acquisition was made pursuant to the 2021 Employee Stock Purchase Plan.
• Additionally, 13,062.948 shares were noted as beneficially owned through a deferral account, representing the conversion of restricted stock units to fully vested stock units on a 1:1 ratio.
• These converted units are payable in shares of common stock upon termination of employment or a specified future date.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it reflects an executive's investment in the company through established plans, rather than a sale or a significant new strategic initiative.

Positives

• Executive purchase of company stock can signal confidence in the company's future performance.
• Participation in the Employee Stock Purchase Plan indicates ongoing engagement with company equity.

Future Outlook

The filing does not contain forward-looking statements or guidance. The nature of the restricted stock units implies future distribution of shares upon specific events.

Industry Context

StockSavvy.ai notes that executive stock purchases, particularly through employee plans, are common within the transportation and logistics industry as a method of aligning executive interests with shareholder value.

Stakeholder Impact

• Shareholders: The purchase by an executive may be interpreted as a positive signal of confidence in the company's future prospects.
• Employees: The transaction highlights the existence and utilization of the company's stock purchase and equity incentive plans.

Next Steps

• Distribution of shares from the deferral account upon termination of employment or a date certain.

Key Dates

Keywords

Union Pacific, UNP, Form 4, Insider Trading, Stock Purchase, Employee Stock Purchase Plan, Restricted Stock Units, Executive Compensation, Beneficial Ownership