Gutmann Kathleen M. 4

What Happened

• Kathleen M. Gutmann, President — International, Healthcare and SCS at United Parcel Service, received equity awards on February 4, 2026. The filing shows two derivative awards: 51,376 shares as an option-type award (acquired at $0.00) and 1,831 restricted performance units (acquired at $0.00). The grants were reported as awards (code A) and have no cash purchase price.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely).
• Awards: 51,376 (derivative option-style award) and 1,831 restricted performance units.
• Acquisition price reported: $0.00 for both awards (typical for granted compensation).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Options vest at 20% annually beginning February 4, 2027 (implies a 5-year vesting schedule).
  • F2: Restricted performance units convert automatically into one share of Class A common stock after the performance period.
• Transaction type: Award/Grant (A); no open-market purchase or sale occurred.

Context

• These are compensation awards, not open-market buys or sales; they represent long-term incentive pay rather than an immediate cash investment by the insider.
• The options vest over time (not immediately exercisable), and the performance units only convert into shares after applicable performance conditions are met — both limit immediate liquidity.
• Such grants are common for executives and don't, by themselves, indicate a buy or sell signal.