Gehringer Eric J 4

What Happened
Eric J. Gehringer, EVP Operations of Union Pacific Corporation (UNP), acquired 13.107 shares on June 10, 2026 at $267.03 per share, for a total of $3,500. The reported transaction is an acquisition under the company’s 2021 Employee Stock Purchase Plan (ESPP), a routine employee purchase rather than an open-market buy.

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-11 (timely filing).
• Transaction type/code: A (award/acquisition) — purchase pursuant to the 2021 ESPP (Footnote F1).
• Shares acquired: 13.107 at $267.03 each; total value $3,500.
• Shares owned after the transaction: not specified in the filing.
• Additional footnote (F2): filing notes conversion of restricted stock units to fully vested stock units with a 1:1 distribution ratio; payable only in shares at termination or a date certain.
• No indication of a 10b5-1 plan or cashless sale; transaction appears to be a routine employee purchase.

Context
ESPP purchases are common for employees and often involve small amounts and fractional shares; this $3.5K acquisition is modest and typically reflects participation in a company benefit rather than a strong directional signal about insider sentiment.