Christopher J. Williams - Jul 1, 2022 Form 4 Insider Report for UNION PACIFIC CORP (UNP)

Role: Director
Signature: By: Trevor L. Kingston, Attorney-in-Fact For: Christopher J. Williams
Stock symbol: UNP
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/5/2022, 02:27 PM
Previous filing: Jul 5, 2022
Next filing: Jul 29, 2022
SEC: View on sec.gov

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	Phantom Stock	Award	$0	+201	+7.41%	$0.00	2.91K	Jul 1, 2022	Common Stock	201	$0.00	Direct	F1, F2

Showing 1 to 1 of 1 entries

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

Explanation of Responses:

Id	Content
F1	Distribution ratio for Phantom Stock Units is 1:1.
F2	Phantom Stock Units are payable in cash only commencing at retirement.