Hamann Jennifer L 4

What Happened

• Jennifer L. Hamann, Chief Financial Officer of Union Pacific Corporation (UNP), had share dispositions and a small acquisition reported on a Form 4 covering activity on Feb 9–10, 2026.
• Transactions reported:
  • 2026-02-09: Disposition to issuer (code D) — 8,769 shares disposed at $0.00 (reported value $0).
  • 2026-02-09: Payment of exercise price or tax liability (code F) — 2,680 shares disposed at $254.34, total value $681,631. Footnote F1 states this was pursuant to the 2021 Employee Stock Purchase Plan (ESPP).
  • 2026-02-10: Grant/award or other acquisition (code A) — 8.163 shares acquired at $261.32, total value $2,133.
• These filings show shares were surrendered/withheld (D and F codes) and a very small award/issuance was received the next day (A code). The largest reported movement ($681,631) relates to the 2,680-share disposition tied to the ESPP footnote.

Key Details

• Transaction dates & prices:
  • 2026-02-09: 8,769 shares (D) @ $0.00; 2,680 shares (F) @ $254.34 (total $681,631).
  • 2026-02-10: 8.163 shares (A) @ $261.32 (total ~$2,133).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: F1 — purchase pursuant to the 2021 Employee Stock Purchase Plan (ESPP).
• Filing timeliness: Form filed 2026-02-11 for transactions on 2026-02-09–10; filing appears to be within standard SEC reporting windows.

Context

• Code F commonly reflects shares used to pay an exercise price or tax withholding; the footnote indicates the ESPP was involved. Code D indicates disposition to the issuer (often related to surrender/withholding), and code A indicates an award/grant or issuance.
• This activity is largely administrative (withholding/surrender and a small issuance) rather than an open-market buy or sale that signals a manager taking a public market position.