Lance M. Fritz - Feb 3, 2022 Form 4 Insider Report for UNION PACIFIC CORP (UNP)

Role
CHAIRMAN PRESIDENT & CEO
Signature
By: Trevor L. Kingston, Attorney-in-Fact For: Lance M. Fritz
Stock symbol
UNP
Transactions as of
Feb 3, 2022
Transactions value $
-$5,555,222
Form type
4
Date filed
2/4/2022, 02:12 PM
Previous filing
Dec 3, 2021
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNP Common Stock Award $0 +58.9K +10.82% $0.00 604K Feb 3, 2022 Direct F1
transaction UNP Common Stock Options Exercise $12.5M +100K +16.56% $124.86 704K Feb 3, 2022 Direct
transaction UNP Common Stock Tax liability -$12.5M -49.7K -7.06% $251.26 654K Feb 3, 2022 Direct
transaction UNP Common Stock Tax liability -$5.56M -22.1K -3.38% $251.26 632K Feb 3, 2022 Direct
holding UNP Common Stock 50.4K Feb 3, 2022 By Deferral Account F2
holding UNP Common Stock 82.3K Feb 3, 2022 by GRAT I
holding UNP Common Stock 21.8K Feb 3, 2022 by Trust
holding UNP Common Stock 48.8K Feb 3, 2022 by Trust 2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UNP Non-Qualified Stock Option (right to buy) Options Exercise $0 -100K -100% $0.00* 0 Feb 3, 2022 Common Stock 100K $124.86 Direct F3
transaction UNP Non-Qualified Stock Option (right to buy) Award $0 +92.5K $0.00 92.5K Feb 3, 2022 Common Stock 92.5K $244.35 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance retention unit award with a distribution ratio of 1:1. This award is payable only in shares of common stock with a three year vesting period from the grant date. The amount of shares in column 4 is the maximum number of shares that the reporting person is eligible to receive. The actual number of shares paid out at vesting, if any, depends on applicable performance criteria being met.
F2 Represents conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1 - Payable only in shares of common stock at termination of employment or a date certain.
F3 This option became exercisable in three equal installments starting one year from the grant date.
F4 This option becomes exercisable in three equal installments starting one year from the grant date.