Kathleen M. Gutmann - 27 Mar 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: 27 Mar 2023
Net transactions value: -$23,710
Form type: 4
Filing time: 29 Mar 2023, 16:10:09 UTC
Previous filing: 06 Apr 2023
Next filing: 16 May 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	+283	+0.39%	$0.000000	73,353	27 Mar 2023	Direct	F1
transaction	UPS	Class A Common Stock	Tax liability	$23,710	-127	-0.17%	$186.07	73,225	27 Mar 2023	Direct	F1

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	-283	-33%	$0.000000	568	27 Mar 2023	Class A Common Stock	283		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 2,318.8328 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.