Kenyatta G. Rocker - 03 Feb 2022 Form 4 Insider Report for UNION PACIFIC CORP (UNP)

Role: EVP MARKETING & SALES
Signature: By: Trevor L. Kingston, Attorney-in-Fact For: Kenyatta G. Rocker
Issuer symbol: UNP
Transactions as of: 03 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 04 Feb 2022, 16:40:24 UTC
Previous filing: 12 Jan 2022
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	+7,368	+19%	$0.000000	47,098	03 Feb 2022	Direct	F1
transaction	UNP	Common Stock	Award	$0	+58	+6.3%	$0.000000	977	03 Feb 2022	by Spouse
holding	UNP	Common Stock						350	03 Feb 2022	By Deferral Account
holding	UNP	Common Stock						1,881	03 Feb 2022	by Managed Account	F2

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)	Award	$0	+11,559		$0.000000	11,559	03 Feb 2022	Common Stock	11,559	$244.35	Direct	F3

* 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	Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan.
F3	This option becomes exercisable in three equal installments starting one year from the grant date.