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

Union Pacific's EVP of Marketing & Sales, Kenyatta G. Rocker, acquired additional shares of common stock through the company's Employee Stock Purchase Plan, increasing total beneficial ownership.

Summary

• Kenyatta G. Rocker, Executive Vice President of Marketing & Sales at Union Pacific Corp (UNP), reported changes in beneficial ownership of company securities.
• On July 10, 2025, Rocker acquired 12.87 shares of Union Pacific common stock at a price of $237 per share.
• Additionally, on the same date, Rocker acquired another 3.025 shares of common stock, also at $237 per share.
• These acquisitions were made pursuant to the 2021 Employee Stock Purchase Plan.
• Following these transactions, Rocker's direct beneficial ownership of Union Pacific common stock stands at 52,224.9767 shares.
• Indirect beneficial ownership includes 1,265.8917 shares held by a spouse, 350 shares in a Deferral Account, and 2,031.7113 shares in a Managed Account.
• Total beneficial ownership across all forms, direct and indirect, is 55,872.5797 shares.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key executive through an employee stock plan is generally viewed positively as it aligns management's interests with shareholders, indicating confidence in the company.

Positives

• A key company executive, Kenyatta G. Rocker, increased their stake in Union Pacific Corp, which can signal confidence in the company's future performance.
• The share acquisitions were made through an Employee Stock Purchase Plan, aligning management's financial interests with those of shareholders.

Future Outlook

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

Industry Context

This insider transaction report is specific to Union Pacific Corp and its executive's share ownership, and does not provide broader insights into railroad industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The increase in executive ownership may be perceived as a positive signal of management's belief in the company's value and future prospects.
• Employees: The transaction highlights the availability and utilization of employee stock purchase plans, which can be a benefit for employee wealth creation and alignment with company performance.

Key Dates

Keywords

Union Pacific, UNP, Form 4, insider transaction, stock purchase, employee stock plan, beneficial ownership, Kenyatta G. Rocker