Form 4: Union Pacific Executive Increases Stake Through Employee Stock Purchase Plan

Kenyatta G. Rocker, EVP Marketing & Sales at Union Pacific Corp, acquired additional shares of company common stock through an employee stock purchase plan.

Summary

• Kenyatta G. Rocker, Executive Vice President of Marketing & Sales at Union Pacific Corp (UNP), reported changes in beneficial ownership of the company's common stock.
• On June 10, 2025, Mr. Rocker acquired 13.459 shares of common stock directly at a price of $226.6 per share.
• An additional 3.1647 shares were acquired indirectly by spouse at the same price of $226.6 per share.
• These acquisitions were made pursuant to the 2021 Employee Stock Purchase Plan.
• Following these transactions, Mr. Rocker directly beneficially owns 52,212.1067 shares of common stock.
• Indirect beneficial ownership includes 1,261.1784 shares by spouse, 350 shares by a deferral account, and 2,029.0076 shares by a managed account, which includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as an executive increasing their stake, even through an ESPP, can be seen as a sign of confidence in the company. However, it's a routine filing with no significant new information.

Positives

• An executive increasing their stake in the company, even through an employee stock purchase plan, can signal confidence in the company's future prospects.
• The transaction was executed at a price of $226.6 per share, indicating the current market valuation at the time of purchase.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape within the railroad or transportation sector.

Related Party Transactions

• Acquisition of common stock by an executive through the 2021 Employee Stock Purchase Plan.

Stakeholder Impact

• Shareholders: The transaction indicates an executive's continued investment in the company, which may be viewed positively.
• Employees: The transaction highlights the existence and utilization of an Employee Stock Purchase Plan, which can be a benefit for eligible employees.

Key Dates

Keywords

Union Pacific, UNP, SEC Form 4, Insider Trading, Stock Purchase, Employee Stock Purchase Plan, Executive Ownership, Railroad, Transportation