Jalali Rahul 4

What Happened

• Rahul Jalali, EVP & Chief Information Officer of Union Pacific (UNP), completed several equity transactions around Feb 9–10, 2026. On Feb 9 he had two dispositions: 4,048 shares were transferred back to the issuer at $0.00, and 1,237 shares were disposed at $254.34 per share to satisfy a tax liability, totaling $314,619. On Feb 10 he acquired 8.679 shares at $261.32 per share for $2,268 (see footnote about the employee plan). These actions appear to be tax-withholding/settlement related rather than an outright open-market sale or large purchase.

Key Details

• Transaction dates and prices:
  • 2026-02-09: Disposition to issuer — 4,048 shares @ $0.00 (value $0)
  • 2026-02-09: Tax withholding/payment — 1,237 shares @ $254.34 (value $314,619)
  • 2026-02-10: Acquisition (award/purchase) — 8.679 shares @ $261.32 (value $2,268)
• Footnote: F1 — the small 8.679-share acquisition was pursuant to the 2021 Employee Stock Purchase Plan.
• Shares owned after the transactions: not provided in the supplied filing extract.
• Filing timeliness: Report filed 2026-02-11 for transactions on 2026-02-09–02-10 (filed within the typical 2-business-day window).

Context

• Codes: D = disposition to issuer; F = payment of exercise price or tax liability; A = grant/award or other acquisition. Dispositions to the issuer and tax-withholding dispositions commonly reflect settlement or tax withholding tied to option exercises or restricted stock vesting; the filing here shows shares surrendered to cover obligations and a small employee-plan purchase. The small ESP purchase is a buy signal but minimal in size relative to the tax-related disposals.