UPS COO Nando Cesarone Receives 58,446 RSU Award

What Happened

• Nando Cesarone, Chief Global Operations Officer of United Parcel Service, was granted 58,446 restricted stock units (RSUs) on 2026-09-01 (transaction code A). The award was reported on a Form 4 filed 2026-09-03. The RSUs have a $0 acquisition price (they are a derivative grant) and, per the filing, each unit converts into one share of Class A common stock upon vesting.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (filed within the two-business-day window).
• Grant: 58,446 RSUs; acquisition price: $0.00 (award/derivative).
• Vesting schedule (from footnotes): 25% vests 9/1/2027, 25% vests 9/1/2028, and 50% vests 9/1/2029.
• Shares owned after transaction: not specified in the provided data.
• Footnotes: F1 = RSUs convert 1:1 to Class A shares; F2 = detailed vesting schedule above.
• No indication in the provided data of a 10b5-1 plan, tax withholding, or late filing.

Context

• This was a compensation grant (RSUs), not an open-market purchase or sale. RSUs represent future stock contingent on vesting and are commonly used for executive pay; they do not by themselves signal buying or selling intent in the market.