Union Pacific (UNP) 4: MCCARTHY MICHAEL R bought 839 shares at $272.42 on 2026-10-… (Oct 1, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-10-01 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: UNION PACIFIC CORP (UNP) CIK: 0000100885 --- Reporting Owner --- Name: MCCARTHY MICHAEL R CIK: 0001008544 Role: Director --- Derivative Transactions --- [Transaction #1] Security: Phantom Stock Date: 2026-10-01 | Code: A (Grant or award) Shares: +839 | Price: $272.42 Exercise Price: $0.00 Shares Owned After: 73,661 | Ownership: D (Direct) Footnotes: [F1] Distribution ratio for Phantom Stock Units is 1:1. [F2] Phantom Stock Units are payable in cash only commencing at retirement. [F2] Phantom Stock Units are payable in cash only commencing at retirement. --- Footnotes (Complete Index) --- F1: Distribution ratio for Phantom Stock Units is 1:1. F2: Phantom Stock Units are payable in cash only commencing at retirement. --- Signature --- /s/ By: Trevor L. Kingston, Attorney-in-Fact For: Michael R. McCarthy (2026-10-01)