Form 4: Union Pacific VP Acquires Shares via Employee Plan

Union Pacific's VP & Controller, Carrie J. Powers, acquired 6.477 shares of common stock at $235.46 per share through an employee stock purchase plan.

Summary

• Carrie J. Powers, Vice President & Controller of Union Pacific Corp (UNP), acquired 6.477 shares of common stock.
• The transaction occurred on December 10, 2025, at a price of $235.46 per share.
• This purchase was made pursuant to the 2021 Employee Stock Purchase Plan.
• Following this transaction, Ms. Powers directly beneficially owns 7,413.596 shares of common stock.
• Additionally, Ms. Powers indirectly beneficially owns 952.394 shares of common stock through a managed account.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive due to an insider acquiring shares, even if it's a routine purchase through an employee plan. It indicates continued participation and alignment of interests.

Positives

• An insider, the VP & Controller, acquired additional shares in the company, which can signal confidence in the company's future prospects.
• The acquisition was part of an Employee Stock Purchase Plan, indicating participation in a structured employee benefit program.

Future Outlook

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

Industry Context

This is a routine insider transaction report (Form 4) for a publicly traded railroad company. Such filings are common and reflect individual employee stock plan participation rather than broader industry trends or strategic shifts.

Stakeholder Impact

• Shareholders: The acquisition by a key executive may be viewed as a positive signal of management's confidence in the company's value.
• Employees: Participation in the Employee Stock Purchase Plan demonstrates the company's commitment to employee ownership and benefits.

Key Dates

Keywords

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