Brothers Norman M. Jr 4

What Happened

• Norman M. Brothers Jr., Chief Legal & Compliance Officer at United Parcel Service, reported a conversion of 25,014 shares of Class A into Class B common stock on 2026-01-26 (non-cash, $0.00). He then sold 25,014 shares in open-market transactions on 2026-01-28 for total gross proceeds of $2,655,195.
• The three sales broke down as: 388 shares at a weighted avg price of $107.68 ($41,780), 3,241 shares at $106.68 ($345,750), and 21,385 shares at $106.04 ($2,267,665). The filing shows those weighted averages; per-footnotes the individual trade price ranges were $105.49–$108.04 across the orders.

Key Details

• Transaction dates: conversion on 2026-01-26; open-market sales on 2026-01-28. Filing date: 2026-01-28.
• Sales total: 25,014 shares for $2,655,195 in gross proceeds (weighted averages shown per lot).
• Shares owned after transaction: the filing does not state a total post-transaction holding; footnote F2 notes at least 624.4350 shares in a 401(k) and 97.8476 shares in a Discounted ESPP (total ~722.28 shares) in the reporting person’s employee accounts.
• Notable footnotes:
  • F1: Conversion of Class A to Class B common stock (non-cash exchange).
  • F2: Breakdown of shares held in 401(k) and ESPP accounts.
  • F3–F5: Weighted-average sale prices shown; price ranges for each market order provided and the reporting person can supply per-price breakdown to SEC on request.
• Timeliness: Filing date (Jan 28) covers the Jan 26 conversion and Jan 28 sales and appears to be filed within the typical Form 4 deadline (no late-filing flag noted).

Context

• The Jan 26 entries were a conversion between share classes (an administrative, non-cash event). The Jan 28 entries were open-market sales (routine disposition), not option exercises or awards.
• Sales by executives can be routine (diversification, tax planning, holding-plan sales) and do not by themselves indicate company performance—this filing is factual reporting of the disposition.