Gayla L Thal — SEC Insider Profile, Roles & Companies

Insider at

04

UNP selling Dec. 22, 2014

Insider transactions

05

0 buys (P) 0 sells (S) Net: $0 + 44 non-open-market transactions below 12 months to the week close of 2026-10-23

Price change vs the latest weekly close (updated to the current quote in your browser when available), split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

44 other filings hidden

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
Feb. 5, 2015	UNP	A	2,117	·	·	109,179 Direct	+1.98%	Acquired
Feb. 5, 2015	UNP	A	8,466	·	·	117,645 Direct	+7.75%	Acquired
Feb. 5, 2015	UNP	F	2,361	$122.85	$290,049	115,284 Direct	-2.01%	Disposed	138.4% (price as of 2026-10-23)
Feb. 5, 2015	UNP	A	23,325	·	·	23,325 Direct	·	Acquired
Feb. 3, 2015	UNP	F	444	$121.79	$54,075	107,243 Direct	-0.41%	Disposed	140.5% (price as of 2026-10-23)
Feb. 3, 2015	UNP	F	181	$121.79	$22,044	107,062 Direct	-0.17%	Disposed	140.5% (price as of 2026-10-23)
Dec. 22, 2014	UNP	S 10b5-1	7,594	$120.00	$911,280	107,686 Direct	-6.59%	Disposed	144.1% (price as of 2026-10-23)
May 14, 2014	UNP	A	20,811	·	·	57,639 Direct	+56.51%	Acquired
March 19, 2014	UNP	S 10b5-1	6,400	$189.81	$1,214,784	36,828 Direct	-14.81%	Disposed	208.6% (price as of 2026-10-23)
Feb. 10, 2014	UNP	M	1,360	$93.60	$127,296	44,261 Direct	+3.17%	Acquired	525.8% (price as of 2026-10-23)
Feb. 10, 2014	UNP	F	719	$176.90	$127,191	43,542 Direct	-1.62%	Disposed	231.1% (price as of 2026-10-23)
Feb. 10, 2014	UNP	F	314	$176.90	$55,547	43,228 Direct	-0.72%	Disposed	231.1% (price as of 2026-10-23)
Feb. 10, 2014	UNP	M	1,360	·	·	0 Direct	-100.00%	Disposed
Feb. 6, 2014	UNP	A	1,143	·	·	39,543 Direct	+2.98%	Acquired
Feb. 6, 2014	UNP	A	4,572	·	·	44,115 Direct	+11.56%	Acquired
Feb. 6, 2014	UNP	F	948	$175.12	$166,014	43,167 Direct	-2.15%	Disposed	234.5% (price as of 2026-10-23)
Feb. 6, 2014	UNP	F	266	$175.12	$46,582	42,901 Direct	-0.62%	Disposed	234.5% (price as of 2026-10-23)
Feb. 6, 2014	UNP	A	9,915	·	·	9,915 Direct	·	Acquired
Feb. 4, 2014	UNP	F	272	$173.25	$47,124	38,506 Direct	-0.70%	Disposed	238.1% (price as of 2026-10-23)
Feb. 4, 2014	UNP	F	106	$173.25	$18,364	38,400 Direct	-0.28%	Disposed	238.1% (price as of 2026-10-23)
Nov. 22, 2013	UNP	M	2,720	$93.60	$254,592	41,497 Direct	+7.01%	Acquired	525.8% (price as of 2026-10-23)
Nov. 22, 2013	UNP	S 10b5-1	2,720	$162.00	$440,640	38,777 Direct	-6.55%	Disposed	261.6% (price as of 2026-10-23)
Nov. 22, 2013	UNP	M	2,720	·	·	1,360 Direct	-66.67%	Disposed
April 2, 2013	UNP	S 10b5-1	2,300	$141.02	$324,346	38,777 Direct	-5.60%	Disposed	315.4% (price as of 2026-10-23)
Feb. 25, 2013	UNP	M	1,619	$60.98	$98,727	42,225 Direct	+3.99%	Acquired	860.5% (price as of 2026-10-23)
Feb. 25, 2013	UNP	F	725	$136.02	$98,614	41,500 Direct	-1.72%	Disposed	330.6% (price as of 2026-10-23)
Feb. 25, 2013	UNP	F	424	$136.02	$57,672	41,076 Direct	-1.02%	Disposed	330.6% (price as of 2026-10-23)
Feb. 25, 2013	UNP	M	1,619	·	·	0 Direct	-100.00%	Disposed
Feb. 7, 2013	UNP	A	1,099	·	·	39,858 Direct	+2.84%	Acquired
Feb. 7, 2013	UNP	A	4,398	·	·	44,256 Direct	+11.03%	Acquired
Feb. 7, 2013	UNP	F	992	$132.00	$130,944	43,264 Direct	-2.24%	Disposed	343.7% (price as of 2026-10-23)
Feb. 7, 2013	UNP	F	422	$132.00	$55,704	42,842 Direct	-0.98%	Disposed	343.7% (price as of 2026-10-23)
Feb. 7, 2013	UNP	A	8,292	·	·	8,292 Direct	·	Acquired
Feb. 5, 2013	UNP	F	512	$133.14	$68,168	38,965 Direct	-1.30%	Disposed	339.9% (price as of 2026-10-23)
Feb. 5, 2013	UNP	F	206	$133.14	$27,427	38,759 Direct	-0.53%	Disposed	339.9% (price as of 2026-10-23)
Dec. 3, 2012	UNP	M	3,238	$60.98	$197,453	41,780 Direct	+8.40%	Acquired	860.5% (price as of 2026-10-23)
Dec. 3, 2012	UNP	F	1,608	$122.78	$197,430	40,172 Direct	-3.85%	Disposed	377.1% (price as of 2026-10-23)
Dec. 3, 2012	UNP	F	708	$122.78	$86,928	39,464 Direct	-1.76%	Disposed	377.1% (price as of 2026-10-23)
Dec. 3, 2012	UNP	M	3,238	·	·	1,619 Direct	-66.67%	Disposed
Sept. 17, 2012	UNP	M	9,744	$62.38	$607,831	45,438 Direct	+27.30%	Acquired	839.0% (price as of 2026-10-23)
Sept. 17, 2012	UNP	F	4,732	$128.43	$607,731	40,706 Direct	-10.41%	Disposed	356.1% (price as of 2026-10-23)
Sept. 17, 2012	UNP	F	2,175	$128.43	$279,335	38,531 Direct	-5.34%	Disposed	356.1% (price as of 2026-10-23)
Sept. 17, 2012	UNP	M	9,744	·	·	0 Direct	-100.00%	Disposed
July 31, 2012	UNP	M	3,922	$47.28	$185,432	38,247 Direct	+11.43%	Acquired	1138.9% (price as of 2026-10-23)
July 31, 2012	UNP	F	1,505	$123.14	$185,326	36,742 Direct	-3.93%	Disposed	375.7% (price as of 2026-10-23)
July 31, 2012	UNP	F	817	$123.14	$100,605	35,925 Direct	-2.22%	Disposed	375.7% (price as of 2026-10-23)
July 31, 2012	UNP	F	231	$123.14	$28,445	35,694 Direct	-0.64%	Disposed	375.7% (price as of 2026-10-23)
July 31, 2012	UNP	M	3,922	·	·	0 Direct	-100.00%	Disposed

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.

06

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
Feb. 5, 2015	UNP	Non-Qualified Stock Option (right to buy) [F4]	Common Stock (23,325)	$122.85	Feb. 5, 2025	23,325	Acquired
Feb. 10, 2014	UNP	Non-Qualified Stock Option (right to buy) [F5]	Common Stock (1,360)	$93.60	Feb. 3, 2021	1,360	Disposed
Feb. 6, 2014	UNP	Non-Qualified Stock Option (right to buy) [F6]	Common Stock (9,915)	$175.12	Feb. 6, 2024	9,915	Acquired
Nov. 22, 2013	UNP	Non-Qualified Stock Option (right to buy) [F3]	Common Stock (2,720)	$93.60	Feb. 3, 2021	2,720	Disposed
Feb. 25, 2013	UNP	Non-Qualified Stock Option (right to buy) [F3]	Common Stock (1,619)	$60.98	Feb. 4, 2020	1,619	Disposed
Feb. 7, 2013	UNP	Non-Qualified Stock Option (right to buy) [F5]	Common Stock (8,292)	$132.00	Feb. 7, 2023	8,292	Acquired
Dec. 3, 2012	UNP	Non-Qualified Stock Option (right to buy) [F2]	Common Stock (3,238)	$60.98	Feb. 4, 2020	3,238	Disposed
Sept. 17, 2012	UNP	Non-Qualified Stock Option (right to buy) [F2]	Common Stock (9,744)	$62.38	Jan. 31, 2018	9,744	Disposed
July 31, 2012	UNP	Non-Qualified Stock Option (right to buy) [F4]	Common Stock (3,922)	$47.28	Feb. 5, 2019	3,922	Disposed

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 7 holdings

07

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
March 19, 2012	UNP	Common Stock [F1]	34,301	Direct
March 19, 2012	UNP	Common Stock [F2]	15	Indirect
March 19, 2012	UNP	Non-Qualified Stock Option (right to buy) [F3]→ Common Stock (3,922)	3,922	Direct
March 19, 2012	UNP	Non-Qualified Stock Option (right to buy) [F3]→ Common Stock (4,857)	4,857	Direct
March 19, 2012	UNP	Non-Qualified Stock Option (right to buy) [F3]→ Common Stock (9,744)	9,744	Direct
March 19, 2012	UNP	Non-Qualified Stock Option (right to buy) [F3]→ Common Stock (4,080)	4,080	Direct
March 19, 2012	UNP	Non-Qualified Stock Option (right to buy) [F3]→ Common Stock (4,476)	4,476	Direct

Holdings reported on Form 4 15 reported holdings

08

Positions listed on each Form 4 without a transaction in that filing (Table I and II holdings), newest filing first.

Date	Ticker	Security	Shares	Exercise price	Expiration	Ownership
Feb. 9, 2015	UNP	Common Stock [F3]	32	·	·	Indirect
Feb. 4, 2015	UNP	Common Stock [F2]	32	·	·	Indirect
Dec. 23, 2014	UNP	Common Stock [F3]	32	·	·	Indirect
May 29, 2014	UNP	Common Stock [F2]	16	·	·	Indirect
March 20, 2014	UNP	Common Stock [F2]	16	·	·	Indirect
Feb. 10, 2014	UNP	Common Stock [F4]	16	·	·	Indirect
Feb. 5, 2014	UNP	Common Stock [F2]	16	·	·	Indirect
Nov. 25, 2013	UNP	Common Stock [F2]	16	·	·	Indirect
April 4, 2013	UNP	Common Stock [F2]	15	·	·	Indirect
Feb. 27, 2013	UNP	Common Stock [F2]	15	·	·	Indirect
Feb. 11, 2013	UNP	Common Stock [F4]	15	·	·	Indirect
Feb. 6, 2013	UNP	Common Stock [F2]	15	·	·	Indirect
Dec. 4, 2012	UNP	Common Stock [F1]	15	·	·	Indirect
Sept. 18, 2012	UNP	Common Stock [F1]	15	·	·	Indirect
Aug. 2, 2012	UNP	Common Stock [F3]	15	·	·	Indirect