Form 4: Union Pacific VP Acquires Shares via Employee Plan

Union Pacific's VP & Controller, Carrie J. Powers, acquired 6.811 shares of common stock through the company's Employee Stock Purchase Plan.

Summary

• Carrie J. Powers, VP & Controller of Union Pacific Corp (UNP), acquired 6.811 shares of common stock.
• The transaction occurred on November 10, 2025, at a price of $223.88 per share.
• This purchase was made pursuant to the 2021 Employee Stock Purchase Plan.
• Following the transaction, Powers directly owns 7,407.119 shares and indirectly owns 952.868 shares through a managed account.

Sentiment

Score: 7

Explanation: The acquisition of shares by a key officer, the VP & Controller, through an employee stock purchase plan, generally indicates management confidence in the company's value and future prospects. This is a routine, albeit positive, insider transaction.

Positives

• An insider, the VP & Controller, increased her stake in the company, which can signal confidence in the company's future prospects.
• The acquisition was made through an Employee Stock Purchase Plan, indicating participation in a company-sponsored benefit program.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This is a routine insider transaction, reflecting an officer's participation in a company-sponsored stock purchase plan. It does not directly relate to broader industry trends but indicates an individual officer's investment in the company's equity.

Related Party Transactions

• Purchase of common stock through the 2021 Employee Stock Purchase Plan.

Stakeholder Impact

• Shareholders may view the insider purchase as a positive signal of management confidence in the company's future.
• Employees are reminded of the availability and use of the Employee Stock Purchase Plan as a benefit.

Key Dates

Recommendation

While the acquisition of shares by a VP & Controller through an employee stock purchase plan is a positive signal of insider confidence, the relatively small number of shares acquired in this routine transaction does not provide sufficient new information to warrant a change from a 'hold' recommendation. It reinforces a neutral to slightly positive outlook.

Keywords

Union Pacific, UNP, Carrie J Powers, Insider Trading, Stock Purchase, Employee Stock Purchase Plan, Form 4, Officer Transaction, Common Stock