Form 4: Union Pacific Executive Todd M. Rynaski Reports Stock Acquisition and Conversion

Todd M. Rynaski, Chief Accounting, Risk & Compliance Officer of Union Pacific, reports acquiring shares through the Employee Stock Purchase Plan and converting restricted stock units.

Summary

• On February 10, 2025, Todd M. Rynaski, Chief Accounting, Risk & Compliance Officer of Union Pacific Corp, acquired 9.097 shares of common stock at a price of $244.33 per share through the 2021 Employee Stock Purchase Plan.
• Rynaski also reported the conversion of restricted stock units to fully vested stock units with a 1:1 distribution ratio.
• Following these transactions, Rynaski directly owns 10,332.3068 shares of Union Pacific common stock.
• Additionally, Rynaski has indirect ownership through a deferral account (2,386.167 shares), spouse (586 shares), and a trust (18,004 shares).

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects standard executive compensation practices and stock ownership changes.

Positives

• Executive participation in the Employee Stock Purchase Plan indicates confidence in the company's future.
• Conversion of restricted stock units to vested units suggests continued commitment to the company.

Future Outlook

The vested stock units are payable only in shares of common stock at termination of employment or a date certain.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• Employees participating in the stock purchase plan benefit from company stock ownership.

Key Dates