Hewett Wayne M. 4
4 · UNITED PARCEL SERVICE INC · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
UPS Director Wayne M. Hewett Receives 1,948 RSUs
What Happened Wayne M. Hewett, a director of United Parcel Service, Inc. (UPS), received a grant of 1,948 restricted stock units (RSUs) on May 7, 2026. The reported acquisition price is $0.00 because this was an award of derivative securities rather than an open‑market purchase. The award converts one-for-one into UPS Class A common shares under the terms described in the filing.
Key Details
- Transaction date: 2026-05-07; filing date: 2026-05-08 (timely).
- Transaction type: Grant / award of derivative securities (Code A).
- Amount: 1,948 units; reported price: $0.00 (no cash paid).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes: (1) One unit equals one UPS Class A share. (2) RSUs convert into Class A shares on a one-for-one basis upon termination of director service. (3) Units include dividend equivalents credited when dividends are paid on the underlying stock.
Context This is a standard director compensation award (RSUs), which are derivative securities that typically vest or convert under specified conditions (here tied to termination of director service). Such grants are routine compensation and do not by themselves indicate insider buying or selling of stock.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-05-07+1,948→ 9,948.806 total→ Class A Common Stock (1,948 underlying)
Footnotes (3)
- [F1]One unit is equivalent to one share of UPS Class A common stock.
- [F2]Restricted stock units convert into shares of UPS Class A common stock on a one for one basis upon termination of service as a director.
- [F3]Includes units credited upon the payment of dividends on the underlying Class A common stock.