Nando Cesarone - 13 May 2022 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 2022
Net transactions value
-$697,974
Form type
4
Filing time
17 May 2022, 16:28:04 UTC
Previous filing
25 Mar 2022
Next filing
20 May 2022
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 +8,693 +27% $0.000000 40,717 13 May 2022 Direct F1
transaction UPS Class A Common Stock Tax liability $697,974 -3,920 -9.6% $178.04 36,797 13 May 2022 Direct F1
holding UPS Class B Common Stock 1 13 May 2022 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 -8,693 -33% $0.000000 17,383 13 May 2022 Class A Common Stock 8,693 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 260.5243 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. Current vesting represents the second tranche of the 3 year vesting cycle.
F4 Includes dividend equivalent units attributed to the RSUs.