Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 17, 2021, Union Pacific Corporation (the Company) announced that current board member Bhavesh V. Patel, who serves as chief executive officer of LyondellBasell Industries, N.V., has notified the Company that he will not seek re-election as a Director at the Company's 2021 Annual Meeting of Shareholders and will complete his term in May of 2021. Mr. Patel's decision not to seek re-election does not relate to any disagreement with the Company, its management or the Board of Directors on any matter relating to the Company's operations, policies or practices. The Company deeply appreciates Mr. Patel's service and wishes him well.




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