Dykes Brian M 4

What Happened Brian M. Dykes, Chief Financial Officer of United Parcel Service (UPS), was granted derivative equity awards on February 4, 2026: 45,387 units and 499 restricted performance units, each recorded at $0. The filing shows these are awards (not open‑market purchases or sales) and carry no immediate cash payment. Footnotes indicate the larger award is subject to time‑based vesting and the 499 are performance units that convert into one share each after the performance period.

Key Details

• Transaction date(s) and price(s): 2026-02-04; both awards reported at $0.00 per unit.
• Award amounts: 45,387 (derivative award) and 499 restricted performance units.
• Vesting/convertibility: F1 — time‑based award vests 20% annually beginning Feb 4, 2027; F2 — performance units convert to one share each after the performance period.
• Shares owned after transaction: not stated in the filing.
• Filing timeliness: Report filed 2026-02-06 for a 2026-02-04 transaction (appears to be filed within the typical two‑business‑day window).

Context These are compensation grants, not purchases or sales. Time‑based awards and performance units generally do not result in immediately tradable shares until they vest or convert, and they are common components of executive long‑term incentive pay. Such awards increase potential future ownership if and when they vest/convert and may dilute outstanding shares when settled.