UNION PACIFIC CORP — Director's Dealing 2023

Mar 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2023-02-27

Reporting Person: Whited Elizabeth F (EVP SUSTAINABILITY & STRATEGY)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-27	Common Stock	S	2500	$213.0	Disposed	39079.9763	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14263.0467	Indirect
Common Stock	31149	Indirect

Footnotes

F1: This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on January 25, 2023.

F2: Represents conversion of restricted stock units to fully vested stock units with a distribution ratio of 1:1 - Payable only in shares of common stock at termination of employment or a date certain.