Conlin Christina B 4

What Happened
Christina B. Conlin, EVP & Chief Legal Officer of Union Pacific Corporation, acquired 7.134 shares of UNP on June 10, 2026. The shares were purchased at $267.03 per share for a total value of approximately $1,905. This was an acquisition via the company’s Employee Stock Purchase Plan (ESPP), a routine employee purchase rather than an open-market buy.

Key Details

• Transaction date: 2026-06-10; per-share price: $267.03; total value: ~$1,905.
• Transaction type: Acquisition (ESPP purchase) — code A on Form 4.
• Footnote: F1 — Purchase pursuant to the 2021 Employee Stock Purchase Plan.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing: Form 4 filed 2026-06-11 (appears timely; Form 4 is generally due within two business days).

Context
ESPP purchases are common for employees and reflect routine participation in a company plan; they do not necessarily indicate a trading view by the insider. The reported amount is small relative to executive trades and likely results from payroll-directed contributions and plan purchase mechanics.