Rocker Kenyatta G 4

What Happened
Kenyatta G. Rocker, EVP Marketing & Sales of Union Pacific, received equity awards on 2026-02-05 totaling 41,388 shares (40 shares + 15,512 shares + 25,836 derivative shares). All grants show $0.00 acquisition price, meaning these are compensation awards (not open-market purchases) and carry no immediate cash value. The 25,836-item is reported as a derivative award.

Key Details

• Transaction date: 2026-02-05; Form 4 filed 2026-02-06 (timely filing).
• Grant details reported: 40 shares @ $0.00; 15,512 shares @ $0.00; 25,836 shares (derivative) @ $0.00. Total possible shares = 41,388.
• Filing does not state the total number of shares owned after these grants (not disclosed).
• Relevant footnotes from the filing:
  • F1: Performance retention unit award, 1:1 distribution, payable only in common stock, three-year vesting; actual payout depends on performance criteria.
  • F2: Includes holdings in Union Pacific payroll- and tax-related stock plans and 401(k).
  • F3: Notes an option vesting schedule — becomes exercisable in three equal installments beginning one year from the grant date.
• No record in this filing of sales, open-market purchases, or cashless exercises tied to these grants.

Context
These grants are compensation awards, not purchases — they typically vest over time and may depend on performance targets (per F1). Because payout is contingent on future vesting/performance, they do not represent an immediate purchase or sale signal. Retail investors often view awards as routine executive compensation; any eventual sale or retention of vested shares would be reported separately.