Guffey Matthew W 4

What Happened

• Matthew W. Guffey, CHF Commercial & Strategy Off at United Parcel Service (UPS), had 439 restricted performance units (RPUs) convert to 439 shares on 2026-02-13 (reported as exercise/conversion of derivative, code M). No cash was required to convert (reported price $0.00).
• To satisfy tax withholding, 196 of the newly issued shares were withheld/disposed (code F) at a reported value of $99.19 per share, totaling $19,441. The remaining shares from the conversion were retained. This was a compensation-related vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-13 (filing date: 2026-02-13 — timely).
• Conversion/exercise price: $0.00 for 439 RPUs → 439 shares (code M).
• Tax withholding: 196 shares withheld at $99.19/share for $19,441 (code F).
• Footnotes: F1 notes 258.5433 shares held in the reporting person’s 401(k); F2 clarifies one unit = one UPS Class A share; F3 states RPUs vested upon certification of results by the Compensation & Human Capital Committee on Feb 4, 2026.
• Shares owned after transaction: not explicitly stated on this Form 4.

Context

• This was a routine vesting/settlement of performance-based restricted units and a share-withholding to cover taxes (common for equity compensation). It does not reflect an open-market sale to outside buyers and should be viewed as compensation income rather than a directional insider buy/sell signal.