Elizabeth F. Whited - 10 Jan 2023 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
Issuer symbol: UNP
Transactions as of: 10 Jan 2023
Net transactions value: +$889
Form type: 4
Filing time: 11 Jan 2023, 14:16:41 UTC
Previous filing: 12 Dec 2022
Next filing: 13 Feb 2023
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	$889	+4	+0.01%	$212.28	38,869	10 Jan 2023	Direct	F1
holding	UNP	Common Stock						14,263	10 Jan 2023	By Deferral Account	F2
holding	UNP	Common Stock						31,149	10 Jan 2023	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.