Kathleen M. Gutmann - May 15, 2023 Form 4 Insider Report for UNITED PARCEL SERVICE INC (UPS)

Role
Pres Intl, Healthcare and SCS
Signature
Eli Brown, Power of Attorney
Stock symbol
UPS
Transactions as of
May 15, 2023
Transactions value $
-$1,365,197
Form type
4
Date filed
5/16/2023, 04:12 PM
Previous filing
Mar 29, 2023
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPS Class A Common Stock Options Exercise $0 +18K +24.53% $0.00 91.2K May 15, 2023 Direct F1
transaction UPS Class A Common Stock Tax liability -$1.37M -8.1K -8.88% $168.50 83.1K May 15, 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 -18K -100% $0.00* 0 May 15, 2023 Class A Common Stock 18K 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 converted into shares of UPS Class A common stock on a one for one basis.
F3 Includes dividend equivalent units attributed to the RSUs.
F4 RSUs vested 25% the first year, 25% the second year and 50% the third year. Current vesting represents the final tranche of the 3 year vesting cycle.