Gehringer Eric J 4

What Happened

• Eric J. Gehringer, Executive Vice President — Operations at Union Pacific (UNP), acquired 14.969 shares on 2026-04-10 at an effective price of $250.51 per share, a total value of approximately $3,750. The transaction is reported as an award/acquisition (code A), reflecting a small purchase/award rather than a sale.

Key Details

• Transaction date and price: 2026-04-10, 14.969 shares at $250.51 each (≈ $3,750).
• Filing date: 2026-04-13 (reported promptly; within the Form 4 reporting window).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: Purchase was made pursuant to the 2021 Employee Stock Purchase Plan (ESPP).
  • F2: Represents conversion of restricted stock units (RSUs) to fully vested stock units at a 1:1 ratio; payable only in shares of common stock at termination of employment or on a set date.
• Transaction type: Award/purchase (A) — a small insider acquisition, generally routine and often part of compensation or ESPP participation.

Context

• This transaction combines an ESPP purchase element and an RSU conversion. ESPP purchases and RSU conversions are commonly part of standard compensation and benefits programs and do not necessarily signal a change in insider sentiment by themselves.
• No indication in the supplied filing that shares were immediately sold (this was an acquisition/award, not a cashless exercise or sale).