Nando Cesarone - Feb 17, 2023 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: Feb 17, 2023
Transactions value $: -$4,276,911
Form type: 4
Date filed: 2/22/2023, 04:39 PM
Previous filing: Feb 10, 2023
Next filing: Apr 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UPS	Class A Common Stock	Options Exercise	$0	+49.9K	+284.67%	$0.00	67.4K	Feb 17, 2023	Direct	F1
transaction	UPS	Class A Common Stock	Options Exercise	$0	+4.37K	+6.47%	$0.00	71.8K	Feb 17, 2023	Direct	F1, F2
transaction	UPS	Class A Common Stock	Tax liability	-$364K	-1.97K	-2.74%	$184.75	69.8K	Feb 17, 2023	Direct	F1
transaction	UPS	Class A Common Stock	Tax liability	-$3.91M	-22.5K	-32.23%	$173.84	47.3K	Feb 17, 2023	Direct	F1
holding	UPS	Class B Common Stock						1	Feb 17, 2023	Direct

Showing 1 to 5 of 5 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 Performance Units	Options Exercise	$0	-49.9K	-100%	$0.00^*	0	Feb 17, 2023	Class A Common Stock	49.9K		Direct	F3, F4
transaction	UPS	Restricted Units 2022	Options Exercise	$0	-4.37K	-100%	$0.00^*	0	Feb 17, 2023	Class A Common Stock	4.37K		Direct	F2, F3, F5

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

Explanation of Responses:

Id	Content
F1	Includes 288.4280 shares in the reporting person's 401(k) account.
F2	Includes dividend equivalent units attributable to the restricted units prior to conversion.
F3	One unit is equivalent to one share of UPS Class A common stock.
F4	RPUs were vested when earned on February 8, 2023.
F5	Restricted units vested one year after the date of grant.