TOME CAROL B 4

What Happened

• Carol B. Tomé, CEO of United Parcel Service, had 7,790 restricted performance units (RPUs) convert to UPS Class A shares on Feb 13, 2026 (reported on the Form 4). The conversion/exercise was recorded as derivative exercise (code M) at $0 exercise price. To cover tax withholding (code F), 2,331 of those shares were surrendered at an indicated value of $99.19 per share, totaling $231,212. Net shares retained from this award: 7,790 − 2,331 = 5,459 shares.

Key Details

• Transaction date: 2026-02-13 (conversion and withholding occurred same day).
• Conversion: 7,790 shares acquired via exercise/conversion of RPUs (code M) at $0 exercise price.
• Tax withholding: 2,331 shares disposed (code F) at $99.19 = $231,212 withheld to cover taxes.
• Net shares retained from this award: ~5,459 shares.
• Footnotes: filing notes include 180.5796 shares held in the reporting person’s 401(k) account; one unit equals one Class A share; RPUs vested upon certification of results by the Compensation and Human Capital Committee on Feb 4, 2026.
• No open-market sale or purchase was reported — this was an award conversion with shares surrendered for tax withholding.

Context

• This was not an open-market sale or purchase: it reflects RPUs vesting/being converted into shares, with a portion withheld to meet tax obligations (a common, routine action on vesting). The derivative code M indicates conversion/exercise of performance-based units; code F indicates disposition to satisfy tax liability. The filing does not by itself signal a change in the CEO’s investment view of UPS.