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

Role: President, US Operations
Signature: Eli Brown, Power of Attorney
Stock symbol: UPS
Transactions as of: May 13, 2021
Transactions value $: -$826,784
Form type: 4
Date filed: 5/17/2021, 05:40 PM
Next filing: Aug 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPS	Class A Common Stock	Options Exercise	$0	+8.5K	+48.48%	$0.00	26K	May 13, 2021	Direct	F1
transaction	UPS	Class A Common Stock	Tax liability	-$827K	-3.83K	-14.73%	$215.67	22.2K	May 13, 2021	Direct	F1
holding	UPS	Class B Common Stock						1	May 13, 2021	Direct

Showing 1 to 3 of 3 entries

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	-8.5K	-25%	$0.00	25.5K	May 13, 2021	Class A Common Stock	8.5K		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.