Rahul Jalali - 01 Jun 2023 Form 3 Insider Report for UNION PACIFIC CORP (UNP)

Role: EVP & CIO
Signature: By: Trevor L. Kingston, Attorney-in-Fact For: Rahul Jalali
Issuer symbol: UNP
Transactions as of: 01 Jun 2023
Transactions value $: $0
Form type: 3
Filing time: 06 Jun 2023, 18:15:07 UTC
Next filing: 13 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UNP	Common Stock						20,763	01 Jun 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	UNP	Non-Qualified Stock Option (right to buy)							01 Jun 2023	Common Stock	9,939	$202.81	Direct	F2
holding	UNP	Non-Qualified Stock Option (right to buy)							01 Jun 2023	Common Stock	6,507	$204.45	Direct	F2
holding	UNP	Non-Qualified Stock Option (right to buy)							01 Jun 2023	Common Stock	7,707	$244.35	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes unvested restricted stock units and unvested Long Term Plan performance units.
F2	This option becomes exercisable in three equal installments starting one year from the grant date.