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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