Guffey Matthew W 4

What Happened

• Matthew W. Guffey, Chief Commercial & Strategy Officer at United Parcel Service (UPS), had 3,147.424 restricted stock units (RSUs) convert into 3,147.424 shares on 2026-02-02. To cover tax withholding, 1,463.485 of those shares were surrendered at an implied value of $106.22 per share, generating $155,451 in tax withholding. Net shares retained from this vesting event: 1,683.939 shares.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04.
• Conversion: 3,147.424 RSUs → 3,147.424 shares (reported as derivative conversion/exercise, code M).
• Tax withholding: 1,463.485 shares disposed/surrendered at $106.22 each = $155,451 (code F).
• Net shares added to Guffey’s holdings: 1,683.939 shares (3,147.424 − 1,463.485).
• Footnotes:
  • F1: includes 258.5433 shares in the reporting person’s 401(k) account.
  • F2: RSUs converted into UPS Class A common stock on a 1:1 basis.
  • F3: RSU vesting schedule — 25% Feb 2024, 25% Feb 2025, 50% Feb 2026.
  • F4: Dividend equivalent units were attributed to the RSUs.
• Filing appears timely (no late-file flag reported).

Context

• This was an RSU vesting and conversion event, not an open-market buy or sale. The surrender of shares to cover taxes is routine (a cashless withholding) and does not necessarily signal a change in the insider’s view of the company. The majority of this RSU grant vested in February 2026 per the stated schedule.