# EDGAR Filing Document

**Accession Number:** 0000100885
**File Stem:** 0000100885-26-000022
**Filing Date:** 2026-1
**Character Count:** 5827
**Document Hash:** b7ac12ce258d6e9133b320dc3588bf0f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000100885-26-000022.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0000100885-26-000022

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260106

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Will W Anthony
- **CENTRAL INDEX KEY:** 0001396130

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06075
- **FILM NUMBER:** 26516937

**MAIL ADDRESS:**
- **STREET 1:** C/O CF INDUSTRIES HOLDINGS, INC.
- **STREET 2:** 4 PARKWAY NORTH, SUITE 400
- **CITY:** DEERFIELD
- **STATE:** IL
- **ZIP:** 60015
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNION PACIFIC CORP
- **CENTRAL INDEX KEY:** 0000100885
- **STANDARD INDUSTRIAL CLASSIFICATION:** RAILROADS, LINE-HAUL OPERATING [4011]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 132626465
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 DOUGLAS STREET
- **STREET 2:** STOP 0310
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68179
- **BUSINESS PHONE:** 402 544 6763

**MAIL ADDRESS:**
- **STREET 1:** 1400 DOUGLAS STREET
- **STREET 2:** STOP 0310
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68179

## Ex-24

```

SECTION 16 OF THE
SECURITIES EXCHANGE ACT OF 1934

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS THAT I, W. Anthony Will,
a member of the Board of Directors of Union Pacific
Corporation, a Utah corporation (the "Company"), do hereby
appoint Christina B. Conlin, John A. Menicucci, Jr., Trevor L.
Kingston and Nicole M. Deardorff, and each of them acting
individually, as my true and lawful attorney-in-fact, each with
power to act without the other in full power of substitution,
to execute, deliver and file, for and on my behalf, and in my
name and in my capacity as a director of Union Pacific Corporation,
any and all Forms 3, Forms 4 or Forms 5 under Section 16 of the
Securities Exchange Act of 1934 and the rules and interpretations
promulgated thereunder, and any other documents in support thereof
or supplemental or amendatory thereto, with respect to the
ownership by or attributable to me, directly or indirectly,of
equity securities of the Company, or derivative securities
relating thereto, hereby granting to such attorneys and each
of them full power and authority to do and perform each and
every act and thing whatsoever as such attorney or attorneys
may deem necessary or advisable to carry out fully the intent
of the foregoing as I might or could do personally or in my
capacity as a director, hereby ratifying and confirming all
acts and things which such attorney or attorneys may do or cause
to be done by virtue of this Power of Attorney.

IN WITNESS WHEREOF, I have executed this Power of Attorney as of
January 6, 2026.

/s/ W. Anthony Will
__________________________________
W. Anthony Will

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Will W Anthony<br><sub>(Last) (First) (Middle)</sub><br>1400 DOUGLAS STREET<br><sub>(Street)</sub><br>OMAHA, NE 68179<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>UNION PACIFIC CORP [ UNP ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2026-01-06 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director   [ ] 10% Owner<br>[ ] Officer (give title below)   [ ] Other (specify below)<br>_ _ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |

---

**Signature:** By: Trevor L. Kingston, Attorney-in-Fact For: W Anthony Will  
**Date:** 2026-01-07

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**