Union Pacific EVP Kenyatta G. Rocker Reports Routine ESPP Purchase

Executive Summary

On October 20, 2026, Union Pacific Corp ($UNP) filed a Form 4 for Kenyatta G. Rocker, Executive Vice President of Marketing & Sales. The filing reports a transaction dated October 10, 2026, representing an acquisition of 2.673 shares of Common Stock at $278.34 per share under the 2021 Employee Stock Purchase Plan (ESPP), held indirectly by spouse.

Transaction Details

• Date of Transaction: October 10, 2026
• Security: Common Stock
• Shares Acquired: 2.673
• Price: $278.34
• Total Transaction Value: ~$744.00
• Transaction Code: A (Purchase pursuant to the 2021 Employee Stock Purchase Plan)
• Ownership Nature: Indirect (by Spouse)

Post-Transaction Holdings

• Indirect (by Spouse): 1,315.8227 shares
• Direct Ownership: 60,702.1447 shares
• Indirect (Deferral Account): 350 shares
• Indirect (Managed Account / 401(k)): 2,050.6023 shares

Market Impact & Significance

This transaction carries Low trading significance. It is a routine, automated payroll-based acquisition under the company's ESPP of negligible monetary size and does not reflect discretionary or sentiment-driven open-market buying.