Kathleen M. Gutmann - 25 Jan 2023 Form 4 Insider Report for UNITED PARCEL SERVICE INC (UPS)

Role: Pres Intl, Healthcare and SCS
Signature: Eli Brown, Power of Attorney
Issuer symbol: UPS
Transactions as of: 25 Jan 2023
Net transactions value: -$59,017
Form type: 4
Filing time: 27 Jan 2023, 15:19:20 UTC
Previous filing: 27 Jan 2023
Next filing: 03 Feb 2023
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	+993	+0.98%	$0.000000	102,585	25 Jan 2023	Direct	F1, F2
transaction	UPS	Class A Common Stock	Tax liability	$59,017	-324	-0.32%	$182.15	102,261	25 Jan 2023	Direct	F2

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 Units 2018	Options Exercise	$0	-993	-100%	$0.000000^*	0	25 Jan 2023	Class A Common Stock	993		Direct	F1, F3, F4

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

Explanation of Responses:

Id	Content
F1	Includes dividend equivalent units attributable to the restricted units prior to conversion.
F2	Includes 2,298.3234 shares in the reporting person's 401(k) account.
F3	One unit is equivalent to one share of UPS Class A common stock.
F4	Restricted units vested ratably over five years from the date of grant.