Elizabeth F. Whited - May 10, 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: May 10, 2022
Transactions value $: $1,855
Form type: 4
Date filed: 5/12/2022, 01:53 PM
Previous filing: Apr 12, 2022
Next filing: Jun 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNP	Common Stock	Award	$1.85K	+8.33	+0.02%	$222.60	38.8K	May 10, 2022	Direct	F1
holding	UNP	Common Stock						14.1K	May 10, 2022	By Deferral Account	F2
holding	UNP	Common Stock						31.1K	May 10, 2022	by Trust

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

Explanation of Responses:

Id	Content
F1	Purchase pursuant to the 2021 Employee Stock Purchase Plan.
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.