Brothers Norman M. Jr 4

What Happened

• Norman M. Brothers Jr., Chief Legal & Compliance Officer at United Parcel Service, had 2,504.804 restricted stock units (RSUs) convert into 2,504.804 shares of UPS Class A common stock on May 15, 2026 (conversion for no cash consideration).
• To satisfy tax withholding, 1,116 shares were surrendered/disposed at an indicated price of $100.78 per share, with a total withholding value of $112,470. The remaining converted shares were retained. The RSU conversion is reported as an exercise/conversion of a derivative (code M) and the withholding as a payment/tax liability (code F).

Key Details

• Transaction date: 2026-05-15. Filing date / Period of Report: 2026-05-15.
• Conversion: 2,504.804 RSUs → 2,504.804 shares (no cash paid) (code M).
• Tax withholding: 1,116 shares disposed at $100.78 each for $112,470 (code F).
• Shares owned after the transaction: not specified in the supplied filing details.
• Relevant footnotes:
  • RSUs convert one-for-one into Class A shares for no cash consideration (F2).
  • Vesting schedule: 25% vested May 2026, 25% May 2027, 50% May 2028; current conversion reflects the first tranche (F3).
  • Ownership disclosures include 634.2752 shares in the reporting person's 401(k) and 112.9408 shares from the Discounted Employee Stock Purchase Plan since the prior report (F1). Dividend-equivalent units were credited for dividends (F4).
• No late filing was indicated in the provided information.

Context

• This was a routine RSU vesting and "sell-to-cover" tax withholding: RSUs vested/converted (not an open-market purchase), and a portion of the newly issued shares was withheld to meet tax obligations. Such withholding is common and does not by itself indicate bullish or bearish insider sentiment.