Elizabeth F. Whited - Feb 7, 2022 Form 4 Insider Report for UNION PACIFIC CORP (UNP)

Role: EVP SUSTAINABILITY & STRATEGY
Signature: By: Trevor L. Kingston, Attorney-in-Fact For: Elizabeth F. Whited
Stock symbol: UNP
Transactions as of: Feb 7, 2022
Transactions value $: -$128,521
Form type: 4
Date filed: 2/9/2022, 04:11 PM
Previous filing: Feb 4, 2022
Next filing: Feb 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNP	Common Stock	Disposed to Issuer	$0	-8.36K	-18.63%	$0.00	36.5K	Feb 7, 2022	Direct
transaction	UNP	Common Stock	Other	$0	-2.79K	-7.63%	$0.00	33.7K	Feb 7, 2022	Direct	F1
transaction	UNP	Common Stock	Tax liability	-$129K	-529	-1.57%	$242.95	33.2K	Feb 8, 2022	Direct
transaction	UNP	Common Stock	Other	$0	+2.79K	+24.78%	$0.00	14K	Feb 7, 2022	By Deferral Account	F1
holding	UNP	Common Stock						35.6K	Feb 7, 2022	by Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.