Jane H. Lute - 02 Jan 2026 Form 4 Insider Report for UNION PACIFIC CORP (UNP)

Role
Director
Signature
By: Trevor L. Kingston, Attorney-in-Fact For: Jane H. Lute
Issuer symbol
UNP
Transactions as of
02 Jan 2026
Net transactions value
+$95,547
Form type
4
Filing time
05 Jan 2026, 19:27:19 UTC
Previous filing
18 Nov 2025
Next filing
18 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Lute Jane H Director 1400 DOUGLAS ST, OMAHA By: Trevor L. Kingston, Attorney-in-Fact For: Jane H. Lute 05 Jan 2026 0001671434

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 $95,547 +412 +3.7% $231.91 11,688 02 Jan 2026 Common Stock 412 $0.000000 Direct F1, F2
* 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.