UNP / Union Pacific Corporation - SEC Filings, Annual Report, Proxy Statement

Union Pacific Corporation
US ˙ NYSE ˙ US9078181081

Basic Stats
LEI 549300LMMRSZZCZ8CL11
CIK 100885
SEC Filings
All companies that sell securities in the United States must register with the Securities and Exchange Commission (SEC) and file reports on a regular basis. These reports include company annual reports (10K, 10Q), news updates (8K), investor presentations (found in 8Ks), insider trades (form 4), ownership reports (13D, and 13G), and reports related to the specific securities sold, such as registration statements and prospectus. This page shows recent SEC filings related to Union Pacific Corporation
SEC Filings (Chronological Order)
This page provides a complete, chronological list of SEC Filings, excluding ownership filings which we provide elsewhere.
September 5, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

September 3, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 28, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 27, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 26, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 25, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 22, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 21, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 20, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 19, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 19, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 19, 2025 425

Transcript of Conversation Between Governor Jim Pillen & Eric Gehringer

FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 18, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 14, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 13, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 12, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE14a-12 AND RULE14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 11, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 7, 2025 425

America’s First Transcontinental Railroad Union Pacific and Norfolk Southern to Combine 7/29/2025 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDE

425 America’s First Transcontinental Railroad Union Pacific and Norfolk Southern to Combine 7/29/2025 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 6, 2025 425

Transcript for Employee Town Hall Talk: Why Is the UP-NS Agreement a Win for All Stakeholders?

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 6, 2025 425

NO OFFER OR SOLICITATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 5, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE14a-12 AND RULE14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

August 4, 2025 425

Rail is the Safest Mode to Transport Freight Over Land in the United States A single intermodal train can remove 500 trucks from the nation’s congested highways Union Pacific – leading personal safety in 2025 Industrywide Safety Improvements over 20

425 Rail is the Safest Mode to Transport Freight Over Land in the United States A single intermodal train can remove 500 trucks from the nation’s congested highways Union Pacific – leading personal safety in 2025 Industrywide Safety Improvements over 20 Years Overall train incident rate Employee injury rate Grade crossing collision decreased 27%3 fell 50%3 rates dropped 25%3 Improving Safety and S

August 4, 2025 425

Protecting and Expanding Opportunities for Employees and Local Economies Union Pacific Invests in Its People 17% Employee Veterans Free College for Proudly Served or Serving in All Employees Our Nation’s Armed Forces Starting Day One Multigenerationa

425 Protecting and Expanding Opportunities for Employees and Local Economies Union Pacific Invests in Its People 17% Employee Veterans Free College for Proudly Served or Serving in All Employees Our Nation’s Armed Forces Starting Day One Multigenerational 74 Hours of Training Per Railroad Families Employee Annually6 Building America with Pride Empowering America’s Workforce Across Generations to M

July 31, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 31, 2025 425

Fox Business The Claman Countdown—Jim Vena and Mark George Interview 7.29.25

Filed by Union Pacific Corporation Pursuant to Rule 425 under the Securities Act of 1933 and deemed to be filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934 Subject Company: Norfolk Southern Corporation Commission File No.

July 30, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 30, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE14a-12 AND RULE14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 30, 2025 425

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

425   FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE14a-12 AND RULE14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 30, 2025 425

Union Pacific’s Jim Vena and Norfolk Southern’s Mark George Interview on CNBC “Squawk on the Street” July 29, 2025

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 30, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 30, 2025 EX-2.1

AGREEMENT AND PLAN OF MERGER by and among UNION PACIFIC CORPORATION, RUBY MERGER SUB 1 CORPORATION, RUBY MERGER SUB 2 LLC NORFOLK SOUTHERN CORPORATION Dated as of July 28, 2025

EX-2.1 Exhibit 2.1 Execution Version AGREEMENT AND PLAN OF MERGER by and among UNION PACIFIC CORPORATION, RUBY MERGER SUB 1 CORPORATION, RUBY MERGER SUB 2 LLC and NORFOLK SOUTHERN CORPORATION Dated as of July 28, 2025 TABLE OF CONTENTS Page Article 1 THE MERGERS Section 1.1 The Mergers 6 Section 1.2 Closing 6 Section 1.3 Effective Times 7 Section 1.4 Effects of the Mergers 7 Section 1.5 Organizati

July 30, 2025 425

Benefits of Transaction Video Transcript Narration Script

FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 30, 2025 425

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNI

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation

July 29, 2025 EX-2.1

AGREEMENT AND PLAN OF MERGER by and among UNION PACIFIC CORPORATION, RUBY MERGER SUB 1 CORPORATION, RUBY MERGER SUB 2 LLC NORFOLK SOUTHERN CORPORATION Dated as of July 28, 2025

EX-2.1 Exhibit 2.1 Execution Version AGREEMENT AND PLAN OF MERGER by and among UNION PACIFIC CORPORATION, RUBY MERGER SUB 1 CORPORATION, RUBY MERGER SUB 2 LLC and NORFOLK SOUTHERN CORPORATION Dated as of July 28, 2025 TABLE OF CONTENTS Page Article 1 THE MERGERS Section 1.1 The Mergers 6 Section 1.2 Closing 6 Section 1.3 Effective Times 7 Section 1.4 Effects of the Mergers 7 Section 1.5 Organizati

July 29, 2025 EX-99.1

Union Pacific and Norfolk Southern to Create America’s First Transcontinental Railroad

EX-99.1 Exhibit 99.1 Union Pacific and Norfolk Southern to Create America’s First Transcontinental Railroad • Transaction to transform the U.S. supply chain and economy; strengthen domestic manufacturing; and preserve union jobs • Two legendary railroads enter agreement to combine in stock and cash merger, creating a combined enterprise of over $250 billion • Transaction values Norfolk Southern at

July 29, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 29, 2025 425

Union Pacific-Norfolk Southern Transaction Q&A

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 29, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 29, 2025 425

Delivering Benefits to All Stakeholders Union Pacific and Norfolk Southern announced an agreement to create America’s first transcontinental railroad, building on President Abraham Lincoln’s vision from nearly 165 years ago. This combination will tra

Delivering Benefits to All Stakeholders Union Pacific and Norfolk Southern announced an agreement to create America’s first transcontinental railroad, building on President Abraham Lincoln’s vision from nearly 165 years ago.

July 29, 2025 EX-99.2

Cautionary Information This presentation and related materials contain statements that are forward looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate

EX-99.2 America’s First Transcontinental Railroad Union Pacific and Norfolk Southern to Combine 7/29/2025 Exhibit 99.2 Cautionary Information This presentation and related materials contain statements that are forward looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that,

July 29, 2025 425

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) NOR

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) NORFOLK SOUTHERN CORPORATION (Exact Name of Registrant as Specified in its Charter) Virginia 1-8339 52-1188014 (State or Other Jurisdiction (Commissi

July 29, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation) (C

July 29, 2025 425

FILED BY UNION PACIFIC CORPORATION

425 FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 29, 2025 425

FILED BY UNION PACIFIC CORPORATION

FILED BY UNION PACIFIC CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933 AND DEEMED FILED PURSUANT TO RULE 14a-12 AND RULE 14d-2(b) UNDER THE SECURITIES EXCHANGE ACT OF 1934 SUBJECT COMPANY: NORFOLK SOUTHERN CORPORATION COMMISSION FILE NO.

July 29, 2025 425

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNI

425 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation

July 29, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 29, 2025 (July 28, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation) (C

July 24, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2025 (July 24, 2025) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2025 (July 24, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation) (C

July 24, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2025 (July 24, 2025) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 24, 2025 (July 24, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation) (C

July 24, 2025 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1.I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statemen

July 24, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6

July 24, 2025 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1.I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements we

July 24, 2025 EX-99.1

Union Pacific Reports Second Quarter 2025 Results

Exhibit 99.1 Union Pacific Reports Second Quarter 2025 Results •Diluted earnings per share (EPS) of $3.15 and adjusted diluted EPS* of $3.03 •Operating ratio (OR) of 59.0% and adjusted OR* of 58.1% •Revenue carloads up 4% Omaha, Neb., July 24, 2025 – Union Pacific Corporation (NYSE: UNP) today reported 2025 second quarter net income of $1.9 billion, or $3.15 per diluted share. Results compare to 2

July 24, 2025 EX-99.1

Union Pacific and Norfolk Southern Discussing Possible Merger

Exhibit 99.1 Union Pacific and Norfolk Southern Discussing Possible Merger OMAHA, Neb., July 24, 2025 – Union Pacific Corporation (NYSE: UNP) and Norfolk Southern Corporation (NYSE: NSC) confirmed today that the companies are engaged in advanced discussions regarding a potential business combination. There can be no assurances as to whether an agreement for a transaction will be reached or as to t

June 26, 2025 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

June 26, 2025 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

June 26, 2025 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

June 26, 2025 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

May 9, 2025 EX-10.1

Transition and Separation Agreement between the Company and Elizabeth F. Whited, dated May 8, 2025.

Exhibit 10.1 EXECUTION VERSION TRANSITION AND SEPARATION AGREEMENT This TRANSITION AND SEPARATION AGREEMENT (this “Agreement”) is entered into on this 8th day of May, 2025 by and between Union Pacific Corporation, a Utah corporation (the “Corporation”); Union Pacific Railroad Company, a Delaware corporation (“Union Pacific Railroad Company, collectively with the Corporation, the “Company”); and El

May 9, 2025 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2025 (May 8, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation) (Commi

May 9, 2025 EX-99.1

Union Pacific President Beth Whited Celebrates 37 Years with the Railroad and Announces Transition to Company Advisor

Exhibit 99.1 Union Pacific President Beth Whited Celebrates 37 Years with the Railroad and Announces Transition to Company Advisor OMAHA, Neb., May 9, 2025 – Union Pacific Railroad President Beth Whited will transition from her role as the railroad’s first female president to become a strategic advisor effective July 1, 2025. Whited will remain an advisor through early 2026. “Beth’s dedication to

May 9, 2025 8-K

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 9, 2025 (May 8, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation) (Commi

April 24, 2025 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1.I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements we

April 24, 2025 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1.I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statemen

April 24, 2025 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 24, 2025 (April 24, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporation)

April 24, 2025 EX-99.1

Union Pacific Reports First Quarter 2025 Results

Exhibit 99.1 Union Pacific Reports First Quarter 2025 Results •First quarter earnings per diluted share flat at $2.70, reflecting a 7% headwind from fuel and leap year •First quarter operating income flat at $2.4 billion •First quarter revenue carloads up 7% •First quarter freight revenue excluding fuel surcharge up 4% Omaha, Neb., April 24, 2025 – Union Pacific Corporation (NYSE: UNP) today repor

April 24, 2025 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

April 3, 2025 PX14A6G

Notice of Exempt Solicitation Pursuant to Rule 14a-103

Notice of Exempt Solicitation Pursuant to Rule 14a-103 Name of Registrant: Union Pacific Corporation (UNP) Name of person relying on exemption: John Chevedden, Union Pacific Shareholder Address of persons relying on exemption: POB 2673, Redondo Beach, CA 90278 The attached written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934.

March 25, 2025 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:          ☐     Preliminary Proxy Statement  ☐     Confidential, for Use of the Commission Only (as

March 25, 2025 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ D

February 18, 2025 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 18, 2025 (February 14, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorpora

February 13, 2025 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 13, 2025 (February 10, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorpora

February 13, 2025 EX-1.1

between the Company and BoA Securities, Inc., Citigroup Global Markets Inc., Morgan & Stanley Co. LLC, and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein.

Exhibit 1.1 EXECUTION VERSION UNION PACIFIC CORPORATION Debt Securities UNDERWRITING AGREEMENT 1. Introduction. Union Pacific Corporation, a Utah corporation (the “Company”), proposes to issue and sell from time to time certain of its debt securities registered under the registration statement referred to in Section 2(a) (“Registered Securities”). Each series of Registered Securities will be issue

February 13, 2025 EX-4.1

Form of 5.100% Note due 2035.

Exhibit 4.1 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &

February 13, 2025 EX-4.2

Form of 5.600% Note due 2054.

Exhibit 4.2 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &

February 12, 2025 424B5

$2,000,000,000 $1,000,000,000 5.100% Notes due 2035 $1,000,000,000 5.600% Notes due 2054

Table of Contents Filed Pursuant to Rule 424(b)(5) Registration Statement No. 333-277044 Prospectus Supplement (To Prospectus Dated February 13, 2024) $2,000,000,000 $1,000,000,000 5.100% Notes due 2035 $1,000,000,000 5.600% Notes due 2054 Union Pacific Corporation (the “Company”) is offering $1,000,000,000 aggregate principal amount of 5.100% notes due 2035 (the “2035 notes”) and $1,000,000,000 a

February 12, 2025 EX-FILING FEES

Calculation of Filing Fee Table (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities

Exhibit 107.1 Calculation of Filing Fee Table 424(b)(5) (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration

February 10, 2025 424B2

SUBJECT TO COMPLETION, DATED FEBRUARY 10, 2025

Table of Contents Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-277044 This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, but is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities in any jurisdiction where the offer or

February 10, 2025 FWP

Union Pacific Corporation $1,000,000,000 5.100% Notes due 2035 (the “2035 Notes”) $1,000,000,000 5.600% Notes due 2054 (the “2054 Notes”) Issuer: Union Pacific Corporation Expected Ratings (Moody’s / S&P / Fitch): A3/A-/A-* Principal Amount: 2035 Not

Filed Pursuant to Rule 433 Registration Statement No. 333-277044 Pricing Term Sheet February 10, 2025 Union Pacific Corporation $1,000,000,000 5.100% Notes due 2035 (the “2035 Notes”) $1,000,000,000 5.600% Notes due 2054 (the “2054 Notes”) Issuer: Union Pacific Corporation Expected Ratings (Moody’s / S&P / Fitch): A3/A-/A-* Principal Amount: 2035 Notes: $1,000,000,000 2054 Notes: $1,000,000,000 Tr

February 7, 2025 EX-10.B

Form of Non-Qualified Stock Option Agreement for Executives dated February

Exhibit 10(b) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN NONQUALIFIED STOCK OPTION FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the nonqualified stock option (the “Option”) to purchase any part or all of the number of shares of its common stock, par value $2.

February 7, 2025 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6075

February 7, 2025 EX-24

Powers of attorney executed by the directors of UPC.

Exhibit 24 UNION PACIFIC CORPORATION Powers of Attorney Each of the undersigned directors of Union Pacific Corporation, a Utah corporation (the Company), do hereby appoint each of V.

February 7, 2025 EX-10.A

Form of Performance Stock Unit Agreement dated February

Exhibit 10(a) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN PERFORMANCE STOCK UNITS FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the number of Stock Units specified below (the “Award”), upon the terms and subj

February 7, 2025 EX-21

List of the Corporation’s significant subsidiaries and their respective states of incorporation.

Exhibit 21 SIGNIFICANT SUBSIDIARIES OF UNION PACIFIC CORPORATION Name of Corporation State of Incorporation Union Pacific Railroad Company Delaware

February 7, 2025 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1.I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2.Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements we

February 7, 2025 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1.I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2.Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were ma

February 7, 2025 EX-19

Union Pacific Corporation Confidentiality and Insider Trading Policy dated October 1, 2024.

Exhibit 19 Union Pacific Corporation Confidentiality And Insider Trading Policy This Policy applies to all employees, executives and directors (all such persons are referred to as “Company Persons”) of Union Pacific Corporation and its subsidiaries (the “Company”), as well as members of their immediate family, and Controlled Entities, all as explained and defined in Part IV of this Policy (all such persons subject to this Policy are referred to as “Covered Persons”).

January 23, 2025 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2025 (January 23, 202

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 23, 2025 (January 23, 2025) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction of Incorporati

January 23, 2025 EX-99.1

-more-

Exhibit 99.1 Union Pacific Reports Fourth Quarter and Full Year 2024 Results •Fourth quarter earnings per diluted share of $2.91, up 7% •Fourth quarter operating ratio of 58.7% •Full year earnings per diluted share of $11.09, up 6% •Full year operating ratio of 59.9% •Full year return on invested capital of 15.8% Omaha, Neb., January 23, 2025 – Union Pacific Corporation (NYSE: UNP) today reported

October 24, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

October 24, 2024 EX-10.E

Deferred Compensation Plan (409A Grandfathered Component) of Union Pacific Corporation, originally effective as of January 1, 2009, as amended and restated including all amendments adopted through August 1, 2024.

Exhibit 10(e) DEFERRED COMPENSATION PLAN (409A Grandfathered Component) of UNION PACIFIC CORPORATION (Originally effective as of January 1, 2009, as amended and restated including all amendments adopted through August 1, 2024.

October 24, 2024 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

October 24, 2024 EX-10.C

Supplemental Pension Plan for Officers and Managers (409A Grandfathered Component) of Union Pacific Corporation and Affiliates,

Exhibit 10(c) SUPPLEMENTAL PENSION PLAN (409A GRANDFATHERED COMPONENT) For Officers and Managers of Union Pacific Corporation and Affiliates (As amended and restated in its entirety effective as of January 1, 1989, including all amendments adopted through August 1, 2024) TABLE OF CONTENTS ARTICLE ONE SCOPE OF SUPPLEMENTAL PLAN AND DEFINITIONS 2 ARTICLE TWO AMOUNT AND PAYMENT OF PENSION 7 ARTICLE T

October 24, 2024 EX-99.1

Union Pacific Reports Third Quarter 2024 Results

Exhibit 99.1 Union Pacific Reports Third Quarter 2024 Results ● Third quarter earnings per diluted share of $2.75, up 10% ● Third quarter operating income up 11% ● Third quarter net income up 9% Omaha, Neb., October 24, 2024 – Union Pacific Corporation (NYSE: UNP) today reported 2024 third quarter net income of $1.7 billion, or $2.75 per diluted share. This compares to 2023 third quarter net incom

October 24, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 24, 2024 (October 24, 2024) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (I

October 24, 2024 EX-10.A

effective as of January 1, 2009, including all amendments adopted through August 1, 20

Exhibit 10(a) SUPPLEMENTAL THRIFT PLAN (409A Grandfathered Component) of UNION PACIFIC CORPORATION (Effective as of January 1, 2009, including all amendments adopted through August 1, 2024) ARTICLE ONE Scope of Plan and Definitions 1.

October 24, 2024 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

October 24, 2024 EX-10.B

Supplemental Thrift Plan (409A Non-Grandfathered Component) of Union Pacific Corporation,

Exhibit 10(b) SUPPLEMENTAL THRIFT PLAN (409A Non-Grandfathered Component) of UNION PACIFIC CORPORATION (Effective as of January 1, 2009, including all amendments adopted through August 1, 2024) 1 ARTICLE ONE Scope of Plan and Definitions 1.

October 24, 2024 EX-10.D

Supplemental Pension Plan for Officers and Managers (409A Non-Grandfathered Component) of Union Pacific Corporation and Affiliates, as amended and restated in its entirety effective January 1, 1989, including all amendments adopted through August 1, 2024.

Exhibit 10(d) SUPPLEMENTAL PENSION PLAN (409A NON-GRANDFATHERED COMPONENT) For Officers and Managers of Union Pacific Corporation and Affiliates (As amended and restated in its entirety effective as of January 1, 1989, including all amendments adopted through August 1, 2024) TABLE OF CONTENTS Page ARTICLE ONE SCOPE OF SUPPLEMENTAL PLAN AND DEFINITIONS 1 ARTICLE TWO AMOUNT AND PAYMENT OF PENSION 7

October 24, 2024 EX-10.F

Deferred Compensation Plan (409A Non-Grandfathered Component) of Union Pacific Corporation, originally effective as of January 1, 2009, as amended and restated including all amendments adopted through August 1, 2024.

Exhibit 10(f) DEFERRED COMPENSATION PLAN (409A Non-Grandfathered Component) of UNION PACIFIC CORPORATION (Originally effective as of January 1, 2009, as amended and restated including all amendments adopted through August 1, 2024.

September 19, 2024 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 19, 2024 (September 19, 2024) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commissio

July 25, 2024 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2024 (July 25, 2024) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2024 (July 25, 2024) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emp

July 25, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6

July 25, 2024 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

July 25, 2024 EX-99.1

Union Pacific Reports Second Quarter 2024 Results

Exhibit 99.1 Union Pacific Reports Second Quarter 2024 Results ● Second quarter earnings per diluted share of $2.74, up 7% ● Second quarter operating income up 9% ● Second quarter net income up 7% Omaha, Neb., July 25, 2024 – Union Pacific Corporation (NYSE: UNP) today reported 2024 second quarter net income of $1.7 billion, or $2.74 per diluted share. This compares to 2023 second quarter net inco

July 25, 2024 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

June 25, 2024 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

June 25, 2024 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

June 25, 2024 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

June 25, 2024 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. F

May 10, 2024 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 10, 2024 (May 9, 2024) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Employ

April 25, 2024 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

April 25, 2024 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

April 25, 2024 EX-99.1

Union Pacific Reports First Quarter 2024 Results

Exhibit 99.1 Union Pacific Reports First Quarter 2024 Results ● First quarter earnings per diluted share of $2.69, up 1% ● First quarter operating income up 3% ● First quarter net income up1% Omaha, Neb., April 25, 2024 – Union Pacific Corporation (NYSE: UNP) today reported 2024 first quarter net income of $1.6 billion, or $2.69 per diluted share. This compares to 2023 first quarter net income of

April 25, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 25, 2024 (April 25, 2024) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS E

April 25, 2024 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

March 26, 2024 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rul

March 26, 2024 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ D

February 13, 2024 SC 13G/A

UNP / Union Pacific Corporation / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv02150-unionpacificcorp.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer: Union Pacific Corp Title of Class of Securities: Common Stock CUSIP Number: 907818108 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designat

February 13, 2024 EX-FILING FEES

Filing Fee Table

Exhibit 107.1 Calculation of Filing Fee Tables Form S-3 (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule (1) Amount Registered (2) Proposed Maximum Offering Price Per Unit (2) Maximum Aggregate Offering Price (2) Fee Rate (1) Am

February 13, 2024 S-3ASR

As filed with the Securities and Exchange Commission on February 13, 2024

Table of Contents As filed with the Securities and Exchange Commission on February 13, 2024 Registration No.

February 13, 2024 EX-25.1

Statement of Eligibility on Form T-1 of The Bank of New York Mellon Trust Company, N.A. to act as trustee under the Indenture (referred to in description of Exhibit 4.4 above).

EX-25.1 Exhibit 25.1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM T-1 STATEMENT OF ELIGIBILITY UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE ☐ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (Exact name of trustee as specified in its char

February 9, 2024 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

February 9, 2024 EX-10.C

Performance Stock Unit Agreement dated February 8, 2024, for V. James Vena.

Exhibit 10(c) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN PERFORMANCE STOCK UNITS FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the number of Stock Units specified below (the “Award”), upon the terms and subj

February 9, 2024 EX-10.D

Non-Qualified Option Agreement dated February 8, 2024, for V. James Vena.

Exhibit 10(d) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN NONQUALIFIED STOCK OPTION FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the nonqualified stock option (the “Option”) to purchase any part or all of the number of shares of its common stock, par value $2.

February 9, 2024 EX-21

List of the Corporation’s significant subsidiaries and their respective states of incorporation.

Exhibit 21 SIGNIFICANT SUBSIDIARIES OF UNION PACIFIC CORPORATION Name of Corporation State of Incorporation Union Pacific Railroad Company Delaware

February 9, 2024 EX-10.A

Form of Performance Stock Unit Agreement dated February 8, 2024.

Exhibit 10(a) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN PERFORMANCE STOCK UNITS FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the number of Stock Units specified below (the “Award”), upon the terms and subj

February 9, 2024 EX-10.B

Form of Non-Qualified Stock Option Agreement for Executives dated February 8, 2024.

Exhibit10(b) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN NONQUALIFIED STOCK OPTION FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the nonqualified stock option (the “Option”) to purchase any part or all of the number of shares of its common stock, par value $2.

February 9, 2024 EX-10.E

Supplemental Pension Plan for Officers and Managers (409A Non-Grandfathered Component) of Union Pacific Corporation and Affiliates, as amended November 1, 2023.

Exhibit 10(e) SUPPLEMENTAL PENSION PLAN (409A NON-GRANDFATHERED COMPONENT) For Officers and Managers of Union Pacific Corporation and Affiliates (As amended and restated in its entirety effective as of January 1, 1989, including all amendments adopted through November 1, 2023) TABLE OF CONTENTS Page ARTICLE ONE SCOPE OF SUPPLEMENTAL PLAN AND DEFINITIONS 1 ARTICLE TWO AMOUNT AND PAYMENT OF PENSION

February 9, 2024 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1. I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were

February 9, 2024 EX-24

Powers of attorney executed by the directors of UPC.

Exhibit 24 UNION PACIFIC CORPORATION Powers of Attorney Each of the undersigned directors of Union Pacific Corporation, a Utah corporation (the Company), do hereby appoint each of V.

February 9, 2024 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6075

January 25, 2024 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 25, 2024 (January 25, 2024) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (I

January 25, 2024 EX-99.1

Union Pacific Reports Fourth Quarter and Full Year 2023 Results

Exhibit 99.1 Union Pacific Reports Fourth Quarter and Full Year 2023 Results ● Fourth quarter earnings per diluted share of $2.71, up 1% ● Fourth quarter net income up 1% ● Full year earnings per diluted share of $10.45, down 7% ● Full year net income down 9% Omaha, Neb., January 25, 2024 – Union Pacific Corporation (NYSE: UNP) today reported 2023 fourth quarter net income of $1.7 billion, or $2.7

December 18, 2023 S-8

As filed with the Securities and Exchange Commission on December 18, 2023

As filed with the Securities and Exchange Commission on December 18, 2023 Registration No.

December 18, 2023 S-8

As filed with the Securities and Exchange Commission on December 18, 2023

As filed with the Securities and Exchange Commission on December 18, 2023 Registration No.

December 18, 2023 EX-FILING FEES

Calculation of Filing Fee Tables FORM S-8 (Form Type) UNION PACIFIC CORPORATION (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities

Exhibit 107.1 Calculation of Filing Fee Tables FORM S-8 (Form Type) UNION PACIFIC CORPORATION (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities Security Type Security Class Title Fee Calculation Rule Amount Registered Proposed Maximum Offering Price Per Share Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Equity Common Stock, $2.50 pa

December 18, 2023 EX-FILING FEES

Calculation of Filing Fee Tables FORM S-8 (Form Type) UNION PACIFIC CORPORATION (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities

Exhibit 107.1 Calculation of Filing Fee Tables FORM S-8 (Form Type) UNION PACIFIC CORPORATION (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered Securities Security Type Security Class Title Fee Calculation Rule Amount Registered Proposed Maximum Offering Price Per Share Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Equity Common Stock, $2.50 pa

December 14, 2023 EX-99.1

Union Pacific Appoints John Tien to Board of Directors

Exhibit 99.1 Union Pacific Appoints John Tien to Board of Directors OMAHA, Neb., Dec. 14, 2023 – Union Pacific Corporation (NYSE: UNP) today announced the appointment of John Tien to its board of directors, effective immediately. Tien most recently served as deputy secretary of the Department of Homeland Security (DHS), the first Asian American to ever hold the position, from 2021 until his retire

December 14, 2023 8-K

Regulation FD Disclosure, Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 14, 2023 (December 14, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission

October 19, 2023 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

October 19, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

October 19, 2023 EX-99.1

Union Pacific Reports Third Quarter 2023 Results

Exhibit 99.1 Union Pacific Reports Third Quarter 2023 Results ● Earnings per diluted share of $2.51 ● Operating revenue of $5.9 billion ● Operating income of $2.2 billion Omaha, Neb., October 19, 2023 – Union Pacific Corporation (NYSE: UNP) today reported 2023 third quarter net income of $1.5 billion, or $2.51 per diluted share. This compares to 2022 third quarter net income of $1.9 billion, or $3

October 19, 2023 EX-10.A

Union Pacific Corporation Policy for Recoupment of Certain Compensation, amended and restated effective October 2, 2023, is incorporated by reference to Exhibit 10(a) to the Corporation Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.

Exhibit 10.a UNION PACIFIC CORPORATION POLICY FOR RECOUPMENT OF CERTAIN COMPENSATION (Amended Effective October 2, 2023) I. Policy A. Financial Restatement. It is the Company’s policy that, in the event the Company is required to prepare a Financial Restatement, the Compensation and Benefits Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) will require a Covered E

October 19, 2023 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – V. James Vena.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, V. James Vena, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

October 19, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 19, 2023 (October 19, 202

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 19, 2023 (October 19, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (I

September 29, 2023 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 29, 2023 (September 28, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commissio

August 11, 2023 EX-10.1

Transition and Separation Agreement between the Corporation, the Railroad and Lance M. Fritz dated August 11, 2023, is incorporated by reference to Exhibit 10.1 to the Corporation’s Current Report on Form 8-K dated August 11, 2023.

Exhibit 10.1 TRANSITION AND SEPARATION AGREEMENT This TRANSITION AND SEPARATION AGREEMENT (this “Agreement”) is entered into on this 11th day of August, 2023 by and between Union Pacific Corporation, a Utah corporation (the “Company”); Union Pacific Railroad Company, a Delaware corporation (“Union Pacific Railroad Company”); and Lance M. Fritz (“Executive”). Company, Union Pacific Railroad Company

August 11, 2023 8-K

Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 11, 2023 (August 11, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS

July 26, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6

July 26, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2023 (July 25, 2023) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2023 (July 25, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emp

July 26, 2023 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Lance M. Fritz.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, Lance M. Fritz, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

July 26, 2023 EX-99.1

Union Pacific Appoints Jim Vena Chief Executive Officer

Exhibit 99.1 Union Pacific Appoints Jim Vena Chief Executive Officer ● Beth Whited named president ● Mike McCarthy elected chairman of the Board Omaha, Neb., July 26, 2023 – Union Pacific Corporation (NYSE: UNP) today announced Jim Vena has been appointed as chief executive officer and a member of the Board, effective August 14, 2023. The company also announced that Beth Whited, Union Pacific’s ex

July 26, 2023 EX-99.1

Union Pacific Reports Second Quarter 2023 Results

Exhibit 99.1 Union Pacific Reports Second Quarter 2023 Results ● Earnings per diluted share of $2.57 ● Operating revenue down 5% ● Reportable derailment rate improved 9% Omaha, Neb., July 26, 2023 – Union Pacific Corporation (NYSE: UNP) today reported 2023 second quarter net income of $1.6 billion, or $2.57 per diluted share. These results include the previously disclosed $67 million labor expense

July 26, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2023 (July 26, 2023) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 26, 2023 (July 26, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emp

July 26, 2023 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

July 26, 2023 EX-99.2

Union Pacific Appoints Doyle Simons and John Wiehoff to Board of Directors

Exhibit 99.2 Union Pacific Appoints Doyle Simons and John Wiehoff to Board of Directors OMAHA, NEB., July 26, 2023 – Union Pacific Corporation (NYSE: UNP) (“Union Pacific” or the “Company”) today announced that it has appointed Doyle Simons, former president and CEO of Weyerhaeuser, and John Wiehoff, former chairman, president, and CEO of C.H. Robinson, to its Board of Directors, effective immedia

June 23, 2023 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. Full title of the p

June 23, 2023 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. Full title of the p

June 23, 2023 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. Full title of the p

June 23, 2023 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. Full title of the p

June 13, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 13, 2023 (June 13, 2023) UNI

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 13, 2023 (June 13, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emp

May 19, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 19, 2023 (May 18, 2023) UNION

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 19, 2023 (May 18, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emplo

April 20, 2023 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

April 20, 2023 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Lance M. Fritz.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, Lance M. Fritz, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

April 20, 2023 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

April 20, 2023 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 20, 2023 (April 20, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS E

April 20, 2023 EX-99.1

Union Pacific Reports First Quarter 2023 Results

Exhibit 99.1 Union Pacific Reports First Quarter 2023 Results ● Earnings per diluted share $2.67 ● Operating revenue up 3% ● Reportable Derailment Rate Improved 10% Omaha, Neb., April 20, 2023 – Union Pacific Corporation (NYSE: UNP) today reported 2023 first quarter net income of $1.6 billion, or $2.67 per diluted share. These results include $107 million in other income from a one-time real estat

April 5, 2023 DEF 14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rul

April 5, 2023 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ D

February 27, 2023 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 27, 2023 (February 26, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission

February 27, 2023 EX-99.1

****

Exhibit 99.1 Union Pacific Provides Update on CEO Succession Process Board Expects to Name Successor to Assume Position in 2023 OMAHA, Neb., Feb. 26, 2023 – Union Pacific Corporation (NYSE: UNP) today provided an update on the status and timing of the Board of Director’s active leadership succession planning process. Since assuming the CEO role in February 2015, Lance Fritz has overseen a period o

February 21, 2023 EX-1.1

Underwriting Agreement (including Terms Agreement) dated February 13, 2023 between the Company and Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein.

Exhibit 1.1 UNION PACIFIC CORPORATION Debt Securities UNDERWRITING AGREEMENT 1. Introduction. Union Pacific Corporation, a Utah corporation (the “Company”), proposes to issue and sell from time to time certain of its debt securities registered under the registration statement referred to in Section 2(a) (“Registered Securities”). Each series of Registered Securities will be issued under an indentu

February 21, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 21, 2023 (February 13, 2

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 21, 2023 (February 13, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission

February 21, 2023 EX-4.1

Form of 4.750% Note due 2026.

Exhibit 4.1 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede &

February 21, 2023 EX-4.2

Form of 4.950% Note due 2053.

Exhibit 4.2 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede &

February 15, 2023 424B5

$1,000,000,000 $500,000,000 4.750% Notes due 2026 $500,000,000 4.950% Notes due 2053

Table of Contents Filed Pursuant to Rule 424(b)(5) Registration Statement No. 333-252947 Prospectus Supplement (To Prospectus Dated February 10, 2021) $1,000,000,000 $500,000,000 4.750% Notes due 2026 $500,000,000 4.950% Notes due 2053 Union Pacific Corporation (the “Company”) is offering $500,000,000 aggregate principal amount of 4.750% notes due 2026 (the “2026 notes”) and $500,000,000 aggregate

February 15, 2023 EX-FILING FEES

Calculation of Filing Fee Tables Form 424(b)(5) (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or

Exhibit 107 Calculation of Filing Fee Tables Form 424(b)(5) (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward Newly Registered Securities Debt 4.

February 13, 2023 FWP

Union Pacific Corporation $500,000,000 4.750% Notes due 2026 (the “2026 Notes”) $500,000,000 4.950% Notes due 2053 (the “2053 Notes”) Issuer: Union Pacific Corporation Expected Ratings (Moody’s / S&P / Fitch): A3/A-/A-* Principal Amount: 2026 Notes:

Filed Pursuant to Rule 433 Registration Statement No. 333-252947 Pricing Term Sheet February 13, 2023 Union Pacific Corporation $500,000,000 4.750% Notes due 2026 (the “2026 Notes”) $500,000,000 4.950% Notes due 2053 (the “2053 Notes”) Issuer: Union Pacific Corporation Expected Ratings (Moody’s / S&P / Fitch): A3/A-/A-* Principal Amount: 2026 Notes: $500,000,000 2053 Notes: $500,000,000 Trade Date

February 13, 2023 424B2

SUBJECT TO COMPLETION, DATED FEBRUARY 13, 2023

Table of Contents Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-252947 This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, but is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities in any jurisdiction where the offer or

February 10, 2023 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 –Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

February 10, 2023 EX-10.B

Form of Non-Qualified Stock Option Agreement for Executives dated February 9, 2023.

Exhibit10(b) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN NONQUALIFIED STOCK OPTION FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the nonqualified stock option (the “Option”) to purchase any part or all of the number of shares of its common stock, par value $2.

February 10, 2023 EX-10.A

Form of 2023 Long Term Plan Stock Unit Agreement is incorporated herein by reference to Exhibit 10(a) to the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2022.

Exhibit 10(a) UNION PACIFIC CORPORATION GRANT NOTICE FOR 2021 STOCK INCENTIVE PLAN PERFORMANCE STOCK UNITS FOR GOOD AND VALUABLE CONSIDERATION, Union Pacific Corporation (the “Company”), hereby grants to Participant named below (for purposes hereof, references herein to “you” or “your” shall refer to such Participant) the number of Stock Units specified below (the “Award”), upon the terms and subj

February 10, 2023 EX-24

Powers of attorney executed by the directors of UPC.

Exhibit 24 UNION PACIFIC CORPORATION Powers of Attorney Each of the undersigned directors of Union Pacific Corporation, a Utah corporation (the Company), do hereby appoint each of Lance M.

February 10, 2023 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Lance M. Fritz.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, Lance M. Fritz, certify that: 1. I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were

February 10, 2023 EX-21

List of the Corporation’s significant subsidiaries and their respective states of incorporation.

Exhibit 21 SIGNIFICANT SUBSIDIARIES OF UNION PACIFIC CORPORATION Name of Corporation State of Incorporation Union Pacific Railroad Company Delaware

February 10, 2023 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6075

February 9, 2023 SC 13G/A

UNP / Union Pacific Corporation / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SC 13G/A 1 tv02117-unionpacificcorp.htm SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 8)* Name of issuer: Union Pacific Corp. Title of Class of Securities: Common Stock CUSIP Number: 907818108 Date of Event Which Requires Filing of this Statement: December 30, 2022 Check the appropriate box to designa

January 24, 2023 8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 24, 2023 (January 24, 202

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 24, 2023 (January 24, 2023) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (I

January 24, 2023 EX-99.1

Union Pacific Reports Fourth Quarter and Full Year 2022 Results

Exhibit 99.1 Union Pacific Reports Fourth Quarter and Full Year 2022 Results ● Fourth quarter earnings per diluted share of $2.67 ● Fourth quarter operating revenue up 8% ● Full year earnings per diluted share of $11.21 ● Full year operating income up 6% Omaha, Neb., January 24, 2023 – Union Pacific Corporation (NYSE: UNP) today reported 2022 fourth quarter net income of $1.6 billion, or $2.67 per

October 20, 2022 EX-99.1

Union Pacific Reports Third Quarter 2022 Results

Exhibit 99.1 Union Pacific Reports Third Quarter 2022 Results ? Adjusted earnings per diluted share $3.19 ? Operating revenue up 18% ? Adjusted operating income up 13% Omaha, Neb., October 20, 2022 ? Union Pacific Corporation (NYSE: UNP) today reported 2022 third quarter net income of $1.9 billion, or $3.05 per diluted share. These results include a $114 million charge for a change to prior period

October 20, 2022 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

October 20, 2022 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Lance M. Fritz.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, Lance M. Fritz, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

October 20, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Numbe

October 20, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 20, 2022 (October 20, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (I

September 9, 2022 EX-4.3

Form of 5.150% Note due 2063 is incorporated herein by reference to Exhibit 4.3 to the Corporation’s Current Report on Form 8-K dated September 9, 2022.

Exhibit 4.3 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (?DTC?), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede &

September 9, 2022 EX-4.1

Form of 4.500% Note due 2033 is incorporated herein by reference to Exhibit 4.1 to the Corporation’s Current Report on Form 8-K dated September 9, 2022.

Exhibit 4.1 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (?DTC?), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede &

September 9, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 9, 2022 (September 6, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission

September 9, 2022 EX-1.1

UNION PACIFIC CORPORATION Debt Securities UNDERWRITING AGREEMENT

Exhibit 1.1 UNION PACIFIC CORPORATION Debt Securities UNDERWRITING AGREEMENT 1. Introduction. Union Pacific Corporation, a Utah corporation (the ?Company?), proposes to issue and sell from time to time certain of its debt securities registered under the registration statement referred to in Section 2(a) (?Registered Securities?). Each series of Registered Securities will be issued under an indentu

September 9, 2022 EX-4.2

Form of 4.950% Note due 2052 is incorporated herein by reference to Exhibit 4.2 to the Corporation’s Current Report on Form 8-K dated September 9, 2022.

Exhibit 4.2 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (?DTC?), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of DTC (and any payment is made to Cede &

September 7, 2022 424B5

$ 1,900,000,000 $900,000,000 4.500% Notes due 2033 $600,000,000 4.950% Notes due 2052 $400,000,000 5.150% Notes due 2063

Table of Contents Filed Pursuant to Rule 424(b)(5) Registration Statement No. 333-252947 Prospectus Supplement (To Prospectus Dated February 10, 2021) $ 1,900,000,000 $900,000,000 4.500% Notes due 2033 $600,000,000 4.950% Notes due 2052 $400,000,000 5.150% Notes due 2063 Union Pacific Corporation (the ?Company? or ?Union Pacific?) is offering $900,000,000 aggregate principal amount of 4.500% notes

September 7, 2022 FWP

Union Pacific Corporation $900,000,000 4.500% Notes due 2033 (the “2033 Notes”) $600,000,000 4.950% Notes due 2052 (the “2052 Notes”) $400,000,000 5.150% Notes due 2063 (the “2063 Notes”) Issuer: Union Pacific Corporation Expected Ratings (Moody’s /

Filed Pursuant to Rule 433 Registration Statement No. 333-252947 Pricing Term Sheet September 6, 2022 Union Pacific Corporation $900,000,000 4.500% Notes due 2033 (the ?2033 Notes?) $600,000,000 4.950% Notes due 2052 (the ?2052 Notes?) $400,000,000 5.150% Notes due 2063 (the ?2063 Notes?) Issuer: Union Pacific Corporation Expected Ratings (Moody?s / S&P / Fitch): A3/A-/A-* Principal Amount: 2033 N

September 7, 2022 EX-FILING FEES

Calculation of Filing Fee Tables Form 424(b)(5) (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities

Exhibit 107 Calculation of Filing Fee Tables Form 424(b)(5) (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward Newly Registered Securities Debt 4.

September 6, 2022 424B2

SUBJECT TO COMPLETION, DATED SEPTEMBER 6, 2022

Table of Contents Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-252947 This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, but is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities in any jurisdiction where the offer or

July 21, 2022 EX-99.1

Union Pacific Reports Second Quarter 2022 Results

Exhibit 99.1 Union Pacific Reports Second Quarter 2022 Results ? Earnings per diluted share of $2.93 ? Operating revenue up 14% ? Operating income up 1% Omaha, Neb., July 21, 2022 ? Union Pacific Corporation (NYSE: UNP) today reported 2022 second quarter net income of $1.8 billion, or $2.93 per diluted share. This compares to 2021 second quarter net income of $1.8 billion, or $2.72 per diluted sha

July 21, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 21, 2022 (July 21, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emp

July 21, 2022 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Lance M. Fritz.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, Lance M. Fritz, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

July 21, 2022 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Jennifer L. Hamann

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

July 21, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6

June 29, 2022 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. Full title of the p

June 29, 2022 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

11-K 1 unp2021123111k.htm FORM 11-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file

June 29, 2022 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6075 A. Full title of the p

June 29, 2022 11-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K

11-K 1 unp20211231c11k.htm FORM 11-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 - OR - [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file

June 24, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 24, 2022 (June 23, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emp

June 7, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 7, 2022 (June 3, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emplo

May 27, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 27, 2022 (May 26, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emplo

May 16, 2022 8-K

Submission of Matters to a Vote of Security Holders

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 16, 2022 (May 12, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS Emplo

April 21, 2022 EX-99.1

Union Pacific Reports First Quarter 2022 Results

Exhibit 99.1 Union Pacific Reports First Quarter 2022 Results ? Earnings per diluted share of $2.57 ? Operating revenue up 17% ? Operating income up 19% Omaha, Neb., April 21, 2022 ? Union Pacific Corporation (NYSE: UNP) today reported 2022 first quarter net income of $1.6 billion, or $2.57 per diluted share. This compares to 2021 first quarter net income of $1.3 billion, or $2.00 per diluted shar

April 21, 2022 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Lance M. Fritz.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, Lance M. Fritz, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

April 21, 2022 10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ? QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-

April 21, 2022 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Jennifer L. Hamann

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this quarterly report on Form 10-Q of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statem

April 21, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 21, 2022 (April 21, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (IRS E

March 29, 2022 DEF 14A

Proxy Statement

DEF 14A 1 ny20001752x1def14a.htm DEF14A TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of

March 29, 2022 DEFA14A

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  )

DEFA14A 1 ny20001752x2defa14a.htm DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.  ) Filed by the Registrant ☒ Filed by a Party other than the Registrant  ☐ Check the appropriate box:  ☐ Preliminary Proxy Statement  ☐ Confidential, for Use of the Commission O

February 17, 2022 8-K

Regulation FD Disclosure

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 17, 2022 (February 17, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission

February 14, 2022 EX-4.4

Form of 3.850% Note due 2072 is incorporated by reference to Exhibit 4.4 to the Corporation’s Current Report on Form 8-K dated February 14, 2022.

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (?DTC?), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co.

February 14, 2022 EX-4.2

Form of 3.375% Note due 2042 is incorporated by reference to Exhibit 4.2 to the Corporation’s Current Report on Form 8-K dated February 14, 2022.

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (?DTC?), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co.

February 14, 2022 EX-4.3

Form of 3.500% Note due 2053 is incorporated by reference to Exhibit 4.3 to the Corporation’s Current Report on Form 8-K dated February 14, 2022.

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (?DTC?), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co.

February 14, 2022 EX-4.1

Form of 2.800% Note due 2032 is incorporated by reference to Exhibit 4.1 to the Corporation’s Current Report on Form 8-K dated February 14, 2022.

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (?DTC?), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co.

February 14, 2022 EX-1.1

Underwriting Agreement (including Terms Agreement), dated February 9, 2022, between the Company and BofA Securities, Inc.; Citigroup Global Markets Inc.; Credit Suisse Securities (USA) LLC; J.P. Morgan Securities LLC; and Morgan Stanley & Co. LLC, on behalf of themselves and as Representatives of the several underwriters named therein.

UNION PACIFIC CORPORATION Debt Securities UNDERWRITING AGREEMENT 1. Introduction. Union Pacific Corporation, a Utah corporation (the ?Company?), proposes to issue and sell from time to time certain of its debt securities registered under the registration statement referred to in Section 2(a) (?Registered Securities?). Each series of Registered Securities will be issued under an indenture between t

February 14, 2022 8-K

Financial Statements and Exhibits, Other Events

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 14, 2022 (February 9, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (

February 10, 2022 424B5

$3,500,000,000 $1,250,000,000 2.800% Notes due 2032 $500,000,000 3.375% Notes due 2042 $1,250,000,000 3.500% Notes due 2053 $500,000,000 3.850% Notes due 2072

Table of Contents Filed Pursuant to Rule 424(b)(5) Registration Statement No. 333-252947 Prospectus Supplement (To Prospectus Dated February 10, 2021) $3,500,000,000 $1,250,000,000 2.800% Notes due 2032 $500,000,000 3.375% Notes due 2042 $1,250,000,000 3.500% Notes due 2053 $500,000,000 3.850% Notes due 2072 Union Pacific Corporation (the ?Company?) is offering $1,250,000,000 aggregate principal a

February 10, 2022 EX-FILING FEES

Calculation of Filing Fee Tables Form 424(b)(5) (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or

Exhibit 107 Calculation of Filing Fee Tables Form 424(b)(5) (Form Type) Union Pacific Corporation (Exact Name of Registrant as Specified in its Charter) Table 1: Newly Registered and Carry Forward Securities Security Type Security Class Title Fee Calculation or Carry Forward Rule Amount Registered Proposed Maximum Offering Price Per Unit Maximum Aggregate Offering Price Fee Rate Amount of Registration Fee Carry Forward Form Type Carry Forward File Number Carry Forward Initial Effective Date Filing Fee Previously Paid in Connection with Unsold Securities to be Carried Forward Newly Registered Securities Debt 2.

February 10, 2022 EX-99.1

Union Pacific Releases First ‘We Are One’ Human Capital Report

Exhibit 99.1 Union Pacific Releases First ‘We Are One’ Human Capital Report FOR IMMEDIATE RELEASE OMAHA, Neb., Feb. 10, 2022 – Union Pacific Railroad made strong strides in 2021 toward its goal of creating a more diverse and inclusive workforce and providing a world-class employee experience. These wins and more are highlighted in the railroad’s first comprehensive “We Are One” Human Capital Repor

February 10, 2022 8-K

Regulation FD Disclosure, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 10, 2022 (February 10, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission

February 10, 2022 SC 13G/A

UNP / Union Pacific Corporation / VANGUARD GROUP INC - SCHEDULE 13G/A Passive Investment

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 7)* Name of issuer: Union Pacific Corp. Title of Class of Securities: Common Stock CUSIP Number: 907818108 Date of Event Which Requires Filing of this Statement: December 31, 2021 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ?

February 9, 2022 FWP

Union Pacific Corporation $1,250,000,000 2.800% Notes due 2032 (the “2032 Notes”) $500,000,000 3.375% Notes due 2042 (the “2042 Notes”) $1,250,000,000 3.500% Notes due 2053 (the “2053 Notes”) $500,000,000 3.850% Notes due 2072 (the “2072 Notes”) Issu

FWP 1 d289123dfwp.htm FWP Filed Pursuant to Rule 433 Registration Statement No. 333-252947 Pricing Term Sheet February 9, 2022 Union Pacific Corporation $1,250,000,000 2.800% Notes due 2032 (the “2032 Notes”) $500,000,000 3.375% Notes due 2042 (the “2042 Notes”) $1,250,000,000 3.500% Notes due 2053 (the “2053 Notes”) $500,000,000 3.850% Notes due 2072 (the “2072 Notes”) Issuer: Union Pacific Corpo

February 9, 2022 424B2

SUBJECT TO COMPLETION, DATED FEBRUARY 9, 2022

Table of Contents Filed Pursuant to Rule 424(b)(2) Registration Statement No. 333-252947 This preliminary prospectus supplement relates to an effective registration statement under the Securities Act of 1933, but is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities in any jurisdiction where the offer or

February 4, 2022 EX-31.A

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 - Lance M. Fritz.

Exhibit 31(a) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER I, Lance M. Fritz, certify that: 1. I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were

February 4, 2022 EX-10.A

Form of 2022 Long Term Plan Stock Unit Agreement is incorporated herein by reference to Exhibit 10(a) to the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021.

Exhibit 10(a) UNION PACIFIC CORPORATION STANDARD TERMS AND CONDITIONS FOR PERFORMANCE STOCK UNITS These Standard Terms and Conditions apply to the Award of performance stock units granted pursuant to the Union Pacific Corporation 2021 Stock Incentive Plan, as amended from time to time (the ?Plan?), which are evidenced by a Grant Notice that specifically refers to these Standard Terms and Conditions.

February 4, 2022 EX-21

List of the Corporation’s significant subsidiaries and their respective states of incorporation.

Exhibit 21 SIGNIFICANT SUBSIDIARIES OF UNION PACIFIC CORPORATION Name of Corporation State of Incorporation Union Pacific Railroad Company Delaware

February 4, 2022 EX-10.B

Form of Non-Qualified Stock Option Agreement for Executives dated February 3, 2022.

Exhibit 10(b) UNION PACIFIC CORPORATION STANDARD TERMS AND CONDITIONS FOR NONQUALIFIED STOCK OPTION These Standard Terms and Conditions apply to the Option granted pursuant to the Union Pacific Corporation 2021 Stock Incentive Plan, as amended from time to time (the ?Plan?), which is identified as nonqualified stock option and is evidenced by a Grant Notice that specifically refers to these Standard Terms and Conditions.

February 4, 2022 EX-31.B

Certifications Pursuant to Rule 13a-14(a), of the Exchange Act, as Adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 –Jennifer L. Hamann.

Exhibit 31(b) CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER I, Jennifer L. Hamann, certify that: 1. I have reviewed this annual report on Form 10-K of Union Pacific Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements

February 4, 2022 EX-99.1

Union Pacific Elects Teresa Finley to Board of Directors

Exhibit 99.1 Union Pacific Elects Teresa Finley to Board of Directors FOR IMMEDIATE RELEASE OMAHA, Neb., Feb. 4, 2022 ? Union Pacific Corporation today announced Teresa Finley has been elected to the company?s board of directors, effective Feb. 4. Finley served as Chief Marketing & Business Services Officer for United Parcel Service, Inc. (UPS) from 2015 to 2017. Her prior UPS roles included Treas

February 4, 2022 10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ? TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6075

February 4, 2022 EX-10.C

Union Pacific Corporation Key Employee Continuity Plan, as amended December 10, 2021, is incorporated herein by reference to Exhibit 10(c) to the Corporation's Annual Report on Form 10-K for the year ended December 31, 2021.

Exhibit 10(c) UNION PACIFIC CORPORATION KEY EMPLOYEE CONTINUITY PLAN Dated as of November 16, 2000 (as amended and restated effective as of January 1, 2009 and as further amended February 3, 2011, February 6, 2014 and December 10, 2021) (The severance benefits provided under this Plan are subject to the terms and limitation of the Board of Director?s Policy Regarding Shareholder Approval of Future

February 4, 2022 8-K

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers, Financial Statements and Exhibits

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 4, 2022 (February 4, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (I

February 4, 2022 EX-24

Powers of attorney executed by the directors of UPC.

Exhibit 24 UNION PACIFIC CORPORATION Powers of Attorney Each of the undersigned directors of Union Pacific Corporation, a Utah corporation (the Company), do hereby appoint each of Lance M.

January 20, 2022 8-K

Financial Statements and Exhibits, Results of Operations and Financial Condition

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 20, 2022 (January 20, 2022) UNION PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Utah 1-6075 13-2626465 (State or other jurisdiction (Commission (I

January 20, 2022 EX-99.1

Union Pacific Reports Fourth Quarter and Full Year 2021 Results

EX-99.1 2 ex318217.htm EXHIBIT 99.1 Exhibit 99.1 Union Pacific Reports Fourth Quarter and Full Year 2021 Results Omaha, Neb., January 20, 2022 – Union Pacific Corporation (NYSE: UNP) today reported 2021 fourth quarter net income of $1.7 billion, or $2.66 per diluted share. This compares to adjusted 2020 fourth quarter net income of $1.6 billion, or $2.36 per diluted share. The 2020 adjusted result

December 17, 2021 CORRESP

* * * * *

CORRESP 1 filename1.htm December 17, 2021  VIA EDGAR Correspondence Division of Corporation Finance U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Diane Fritz and Brad Skinner  Re: Union Pacific Corporation Form 10-K for Fiscal Year Ended December 31, 2020 Response Dated October 15, 2021 File No. 001-06075   Dear Ms. Fritz:  This letter is in response

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