Elizabeth F. Whited - Feb 14, 2024 Form 4 Insider Report for UNION PACIFIC CORP (UNP)

Role
PRESIDENT
Signature
By: Trevor L. Kingston, Attorney-in-Fact For: Elizabeth F. Whited
Stock symbol
UNP
Transactions as of
Feb 14, 2024
Transactions value $
-$649,575
Form type
4
Date filed
2/16/2024, 05:19 PM
Previous filing
Feb 12, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction UNP Common Stock Sale -$924 K -3.75 K -6.21% $246.36 56.7 K Feb 14, 2024 Direct F1
transaction UNP Common Stock Options Exercise $606 K +3.75 K +6.62% $161.57 60.4 K Feb 14, 2024 Direct
transaction UNP Common Stock Sale -$938 K -3.75 K -6.21% $250.00 56.7 K Feb 15, 2024 Direct F1
transaction UNP Common Stock Options Exercise $606 K +3.75 K +6.62% $161.57 60.4 K Feb 15, 2024 Direct
holding UNP Common Stock 14.5 K Feb 14, 2024 By Deferral Account F2
holding UNP Common Stock 23.6 K Feb 14, 2024 by Trust

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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -3.75 K -25% $0.00 11.3 K Feb 14, 2024 Common Stock 3.75 K $161.57 Direct F3
transaction UNP Non-Qualified Stock Option (right to buy) Options Exercise $0 -3.75 K -33.33% $0.00 7.5 K Feb 15, 2024 Common Stock 3.75 K $161.57 Direct F3

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 24, 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.
F3 This option became exercisable in three equal installments starting one year from the grant date.