Form 4: Union Pacific VP Acquires Shares via ESPP

Union Pacific's VP & Controller, Carrie J. Powers, acquired additional common stock through the company's 2021 Employee Stock Purchase Plan.

Summary

• Carrie J. Powers, Union Pacific Corp's VP & Controller, acquired shares of the company's common stock.
• The transaction occurred on August 10, 2025.
• A total of 6.862 shares of common stock were acquired at a price of $222.24 per share.
• The acquisition was made pursuant to the 2021 Employee Stock Purchase Plan.
• Following this transaction, Carrie J. Powers directly owns 7,386.457 shares of common stock.
• Additionally, 947.435 shares are indirectly owned through a managed account.

Sentiment

Score: 6

Explanation: The acquisition of shares by a key executive, even through an employee stock purchase plan, is generally viewed as a positive signal, indicating confidence in the company. However, the small number of shares acquired and the nature of the ESPP transaction limit the overall positive impact.

Positives

• An executive's acquisition of company shares, even through an employee plan, signals confidence in the company's future performance and aligns management interests with shareholders.

Future Outlook

This filing, a Form 4, reports a past transaction and does not provide forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is an insider transaction report specific to Union Pacific Corp and does not provide broader industry context or trends. It reflects an individual executive's investment in the company.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of management's belief in the company's value and future prospects, potentially reinforcing investor confidence.

Key Dates

Recommendation

The acquisition of shares by a key executive, even through an employee stock purchase plan, signals management's confidence in the company's future prospects. While not a large open-market purchase, it aligns executive interests with shareholders, providing a modest positive signal for current holders. This transaction alone is not significant enough to warrant a change from a 'hold' position, but it reinforces the rationale for maintaining existing positions.

Keywords

Union Pacific, UNP, Insider Trading, Stock Acquisition, Employee Stock Purchase Plan, Beneficial Ownership, SEC Form 4