Matthew W. Guffey - 01 Feb 2024 Form 4 Insider Report for UNITED PARCEL SERVICE INC (UPS)

Role: CHF Commercial & Strategy Off
Signature: Michael Hanson, Power of Attorney
Issuer symbol: UPS
Transactions as of: 01 Feb 2024
Net transactions value: -$98,271
Form type: 4
Filing time: 05 Feb 2024, 17:16:16 UTC
Previous filing: 10 Jan 2024
Next filing: 09 Feb 2024
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	+1,403	+609%	$0.000000	1,634	01 Feb 2024	Direct	F1
transaction	UPS	Class A Common Stock	Tax liability	$98,271	-690	-42%	$142.41	944	01 Feb 2024	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	-1,403	-25%	$0.000000	4,214	01 Feb 2024	Class A Common Stock	1,403		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 230.5787 shares in the reporting person's 401(k) account.
F2	Restricted Stock Units (RSUs) will convert into shares of UPS Class A common stock on a one for one basis.
F3	RSUs vest 25% in February 2024, 25% in February 2025 and 50% in February 2026. Current vesting represents the first tranche of the 3 year vesting cycle.
F4	Includes dividend equivalent units attributed to the RSUs.