Subramanian Bala 4

What Happened

• Subramanian Bala, Chief Digital & Technology Officer at United Parcel Service (UPS), was granted equity awards on February 4, 2026 totaling 46,328 units. The filing shows two derivative awards: 44,652 units and 1,676 units, each reported at $0.00 (grants, no cash paid).
• The larger award appears as an option-style grant that vests over time (see footnote F1). The smaller award is restricted performance units that automatically convert into one share of Class A common stock after the performance period (see footnote F2).

Key Details

• Transaction date: 2026-02-04; Filing date (Form 4): 2026-02-06.
• Reported amounts and prices: 44,652 units @ $0.00 (derivative); 1,676 units @ $0.00 (derivative). Total granted = 46,328 units.
• Shares owned after transaction: Not provided in the supplied filing details.
• Footnotes:
  • F1: Options vest at 20% per year beginning Feb 4, 2027.
  • F2: Restricted performance units convert 1:1 into Class A common stock after the performance period.
• Timeliness: Filing appears timely (filed two days after the reported transaction).

Context

• These are compensation awards (not open-market buys or sales). The option-style award vests over multiple years, and the performance units convert to shares only if performance conditions are met — both are typical long-term incentive grants for executives and do not represent an immediate purchase or sale of stock.
• For retail investors, awards signal ongoing executive compensation alignment with company performance but are not direct indications of insider buying or selling intent.