Transaction Details

Footnotes

Performance retention unit award with a distribution ratio of 1:1. This award is payable only in shares of common stock with a three year vesting period from the grant date. The amount of shares in column 4 is the maximum number of shares that the reporting person is eligible to receive. The actual number of shares paid out at vesting, if any, depends on applicable performance criteria being met. | Includes holdings in Union Pacific's Payroll-based and Tax-reduction stock ownership plans and 401(k) plan. | This option becomes exercisable in three equal installments starting one year from the grant date.