Ford Darrell L 4

What Happened Darrell L. Ford, Chief Human Resources Officer at United Parcel Service (UPS), had 1,187 performance-based restricted stock units (RPUs) convert into 1,187 shares on Feb 13, 2026. To cover tax withholding, 592 of those shares were surrendered at a per-share value of $99.19 (total withheld ≈ $58,720), leaving a net delivery of 595 shares to Ford. The RPUs vested upon certification of results by the Compensation and Human Capital Committee on Feb 4, 2026.

Key Details

• Transaction date: 2026-02-13.
• Conversion/exercise: 1,187 RPUs converted to 1,187 shares (transaction code M).
• Tax withholding: 592 shares withheld at $99.19/share, total ≈ $58,720 (transaction code F).
• Net shares received: 595 shares (1,187 − 592).
• Filing timeliness: Reported on 2026-02-13 (period of report same date) — no late filing indicated.
• Footnotes:
  • F1: Filing notes 110.2357 shares in the reporting person's 401(k) and 108.4134 shares from the Discounted Employee Stock Purchase Plan are included in holdings disclosures.
  • F2: One unit equals one share of UPS Class A common stock.
  • F3: RPUs vested upon completion of the performance period and were certified on Feb 4, 2026.

Context This was a conversion/vesting event rather than an open-market purchase or voluntary sale. The withholding of shares to cover tax liability is a routine administration of compensation-related taxes (often called a cashless withholding) and does not by itself indicate a buy or sell decision in the market.