Gehringer Eric J 4

What Happened

• Eric J. Gehringer, EVP Operations at Union Pacific (UNP), acquired 14.17 shares on May 10, 2026 at a price of $264.65 per share, for a total value of $3,750. The transaction is an award/acquisition (not a sale), recorded under the company’s employee stock purchase/award arrangements.

Key Details

• Transaction date: 2026-05-10; Price: $264.65; Shares acquired: 14.17; Total value: $3,750.
• Filing date: 2026-05-11 (filed the day after the transaction) — appears to be timely.
• Shares owned after the transaction: Not specified in the information provided in this summary.
• Footnotes:
  • F1: Purchase pursuant to the 2021 Employee Stock Purchase Plan (ESPP).
  • F2: Represents conversion of restricted stock units to fully vested stock units with a 1:1 distribution ratio; payable only in shares of common stock at termination of employment or on a specified date.

Context

• This was an acquisition under an employee plan (ESPP/conversion of RSUs), not an open-market buy or a sale. Purchases through ESPPs and vesting/conversion of RSUs are common forms of compensation and do not by themselves indicate a change in insider sentiment.