Union Pacific Corporation insiders sold $9.3M in the past 12 months. How much of their stake is that?

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

20 of 20 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (16 exactly, 4 with a minor or footnoted difference). Percentages cover 10 of 20 officers and directors. Left out: Michael McCarthy (most holdings were last confirmed in 2015); Jane Lute (most holdings were last confirmed in 2016); Deborah Hopkins (most holdings were last confirmed in 2017); Christopher Williams, Sheri Edison, Doyle Simons, John Tien Jr. and Anthony Will (held no vested shares at the start); Teresa Finley (most holdings were last confirmed in 2022); John Wiehoff (most holdings were last confirmed in 2023). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

Officer and director open-market sales: $9.3M across 34,377 shares. Plan status and stated purpose are separate questions, and a sale can have both.

Sales by month

More than usual: $9.3M sold, after almost none in the past 5 years. 3 insiders sold; the average is 3 a year.

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

All 2,289 Forms 3, 4 and 5 filed for Union Pacific Corporation (SEC CIK 100885) from Oct 9, 1996 to Oct 1, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 5 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before May 28, 2008 (split date stated in a footnote). Splits aren't reported as transactions; 11 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 2-for-1 stock split on or before Jun 6, 2014 (split date stated in a footnote). Splits aren't reported as transactions; 15 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology