Lance M. Fritz - 03 Feb 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
Issuer symbol
UNP
Transactions as of
03 Feb 2022
Net transactions value
-$5,555,222
Form type
4
Filing time
04 Feb 2022, 14:12:34 UTC
Previous filing
03 Dec 2021
Next filing
09 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNP Common Stock Award $0 +58,932 +11% $0.000000 603,746 03 Feb 2022 Direct F1
transaction UNP Common Stock Options Exercise $12,486,000 +100,000 +17% $124.86 703,746 03 Feb 2022 Direct
transaction UNP Common Stock Tax liability $12,486,114 -49,694 -7.1% $251.26 654,052 03 Feb 2022 Direct
transaction UNP Common Stock Tax liability $5,555,107 -22,109 -3.4% $251.26 631,943 03 Feb 2022 Direct
holding UNP Common Stock 50,356 03 Feb 2022 By Deferral Account F2
holding UNP Common Stock 82,282 03 Feb 2022 by GRAT I
holding UNP Common Stock 21,794 03 Feb 2022 by Trust
holding UNP Common Stock 48,776 03 Feb 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 -100,000 -100% $0.000000* 0 03 Feb 2022 Common Stock 100,000 $124.86 Direct F3
transaction UNP Non-Qualified Stock Option (right to buy) Award $0 +92,457 $0.000000 92,457 03 Feb 2022 Common Stock 92,457 $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.