Elizabeth F. Whited - Feb 27, 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
Stock symbol: UNP
Transactions as of: Feb 27, 2023
Transactions value $: -$532,500
Form type: 4
Date filed: 3/1/2023, 03:55 PM
Previous filing: Feb 13, 2023
Next filing: Mar 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UNP	Common Stock	Sale	-$533K	-2.5K	-6.01%	$213.00	39.1K	Feb 27, 2023	Direct	F1
holding	UNP	Common Stock						14.3K	Feb 27, 2023	By Deferral Account	F2
holding	UNP	Common Stock						31.1K	Feb 27, 2023	by Trust

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

Explanation of Responses:

Id	Content
F1	This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 25, 2023.
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.