Nando Cesarone - 13 May 2021 Form 4 Insider Report for UNITED PARCEL SERVICE INC (UPS)

Role: President, US Operations
Signature: Eli Brown, Power of Attorney
Issuer symbol: UPS
Transactions as of: 13 May 2021
Net transactions value: -$826,784
Form type: 4
Filing time: 17 May 2021, 17:40:20 UTC
Next filing: 18 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPS	Class A Common Stock	Options Exercise	$0	+8,500	+48%	$0.000000	26,032	13 May 2021	Direct	F1
transaction	UPS	Class A Common Stock	Tax liability	$826,784	-3,834	-15%	$215.67	22,198	13 May 2021	Direct	F1
holding	UPS	Class B Common Stock						1	13 May 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UPS	Restricted Stock Units	Options Exercise	$0	-8,500	-25%	$0.000000	25,499	13 May 2021	Class A Common Stock	8,500		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 208.6043 shares in the Reporting Person's 401(k) account.
F2	Represents Restricted Stock Units (RSUs) granted under the United Parcel Service, Inc. Incentive Compensation Plan. These RSUs will convert into shares of UPS Class A common stock on a one for one basis.
F3	RSUs vest 25% the first year, 25% the second year and 50% the third year.
F4	Includes dividend equivalent units attributed to the RSUs.