Cesarone Nando 4

What Happened Nando Cesarone, President, U.S. Operations at United Parcel Service, was granted 13,889 restricted stock units (RSUs) on May 6, 2026. The reported acquisition price is $0.00 (derivative grant), and each RSU automatically converts into one share of UPS Class A common stock when vested.

Key Details

• Transaction date: 2026-05-06; Form 4 filed: 2026-05-08 (filed within the standard reporting window).
• Transaction type/code: Award/Grant (A); reported acquisition amount $0.00.
• Shares/units granted: 13,889 RSUs. Each unit converts to one common share upon vesting (Footnote F1).
• Vesting schedule: 1/3 vests on each of May 6, 2027; May 6, 2028; and May 6, 2029 (Footnote F2).
• Shares owned after the transaction: not specified in the filing.
• No sale or open-market purchase occurred—this is a compensation award, not a purchase or sale.

Context This grant is a long-term incentive award (RSUs) that will become company shares over the next three years per the vesting schedule. Such awards are compensation and do not represent an immediate cash outlay or open-market purchase; their future value depends on UPS’s stock price at vesting.