UNION PACIFIC CORP — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNION PACIFIC CORP (UNP)
CIK: 0000100885
Period of Report: 2023-01-03

Reporting Person: DeLaney William J III (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-03	Phantom Stock	$0.0	A	216	Acquired		Common Stock (216)	Direct

Footnotes

F1: Distribution ratio for Phantom Stock Units is 1:1.

F2: Phantom Stock Units are payable in cash only commencing at retirement.