Brothers Norman M. Jr 4

What Happened

• Norman M. Brothers Jr, Chief Legal & Compliance Officer of United Parcel Service (UPS), was granted a total of 38,520 derivative awards on February 4, 2026. The filing shows two awards: 37,270 restricted performance units and 1,250 option-type awards, each recorded at an acquisition price of $0.00 (grant awards; no cash paid).

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely filing).
• Grants recorded as "A" (award/acquisition) with $0.00 per-unit acquisition price; total cash value at grant shown as $0.
• Award breakdown per filing footnotes: 37,270 restricted performance units (PSUs) and 1,250 option-style awards.
• Shares owned after the transaction: Not specified in the summary data provided.
• Footnotes:
  • F2 (applies to the PSUs): These are restricted performance units under the company’s Long Term Incentive program; each unit automatically converts into one share of Class A common stock following the performance period.
  • F1 (applies to the smaller award): Option-type awards vest at a rate of 20% annually beginning February 4, 2027 (5-year vesting schedule).

Context

• These were grants (compensation awards), not open-market purchases or sales. PSUs convert to shares only after meeting the performance/vesting conditions; the option awards are not exercised now but will vest over time. Such awards are common executive compensation and do not by themselves indicate buying or selling sentiment.