Union Pacific BDRs to undergo 5-for-1 stock split on July 27, ratio shifts to 1:24
UNP•BDR split and ratio change
Union Pacific’s BDR program in Brazil will execute a mandatory stock split, issuing 5 additional BDRs for each 1 BDR held.
The BDR-to-underlying ratio will reset to 1:24 from 1:4, effective from the market open on 27/07/2026.
Key dates and cash treatment
- Eligible date: 24/07/2026
- Ex-date: 27/07/2026
- Record date: 28/07/2026
- New BDRs credited: 29/07/2026
Fractional entitlements will be paid in cash, subject to income tax withholding.




