Jane H. Lute - 01 Oct 2024 Form 4 Insider Report for UNION PACIFIC CORP (UNP)

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
transaction	UNP	Phantom Stock	Award	$92,327	+376	+4%	$245.55	9,672	01 Oct 2024	Common Stock	376	$0.000000	Direct	F1, F2

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

Id	Content
F1	Distribution ratio for Phantom Stock Units is 1:1.
F2	Phantom Stock Units are payable in cash only commencing at retirement.