Subramanian Bala 4

What Happened Subramanian Bala, UPS’s Chief Digital & Tech Officer, had 1,676 restricted performance units (RPUs) vest and convert into 1,676 shares on Feb 13, 2026 (exercise/conversion, code M). To satisfy tax withholding, 470 of those shares were disposed (code F) at $99.19 per share, generating $46,619 in tax withholding. The net increase in Bala’s share position from this event was 1,206 shares (1,676 acquired minus 470 withheld).

Key Details

• Transaction date: 2026-02-13; filing date: 2026-02-13.
• Exercise/Conversion: 1,676 RPUs converted into shares (price $0.00 per share).
• Tax withholding: 470 shares withheld/disposed at $99.19 each = $46,619.
• Net new shares retained: 1,206 (after tax withholding).
• Footnotes: F1 notes holdings include 23.4721 shares in a 401(k) and 95.7025 shares from the Discounted Employee Stock Purchase Plan; F3 notes RPUs vested upon certification of results by the Compensation & Human Capital Committee on Feb 4, 2026.
• No indication in the filing that this was a late report.

Context This was an RPU vesting and conversion event, not an open-market purchase or a voluntary large sale. The disposal of 470 shares was a routine tax-withholding action (cashless withholding) rather than a market-sale for cash beyond taxes. Such conversions and withholdings are common when restricted awards vest and do not, by themselves, indicate a change in the insider’s view of the company.