Ford Darrell L 4

What Happened

• Darrell L. Ford, Chief Human Resources Officer of United Parcel Service (UPS), was granted a total of 33,532 derivative awards on February 4, 2026. The filing shows two awards: 32,345 units (derivative, $0.00 per unit) and 1,187 restricted performance units (derivative, $0.00). These are awards/compensation grants, not open-market purchases or sales.

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (appears timely within the SEC 2-business-day window).
• Awards and prices: 32,345 derivative units at $0.00 (footnote F1); 1,187 restricted performance units at $0.00 (footnote F2).
• Total units: 33,532.
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F1: The 32,345 award is subject to vesting at 20% per year beginning February 4, 2027.
  • F2: The 1,187 restricted performance units are awarded under UPS’s Long Term Incentive Compensation Program and automatically convert into one share of Class A common stock after the performance period.
• Transaction code: A (award/grant).

Context

• These awards are compensation/retention grants rather than purchases or sales; a $0.00 price simply denotes they were granted, not bought. The option-like award vests over time (per F1) and the performance units convert to shares only after the performance period (per F2). Such grants are routine for executives and do not by themselves indicate the insider’s market view.