UPS (NYSE: UPS) legal chief sells 25,014 Class B shares after conversion

Rhea-AI Filing Summary

United Parcel Service (UPS) Chief Legal & Compliance Officer Norman M. Brothers Jr. reported share conversions and sales. On January 26, 2026, he converted 25,014 Class A shares into 25,014 Class B shares at $0.00 per share, in line with the share terms.

On January 28, 2026, he sold a total of 25,014 Class B shares in three transactions: 388 shares at a weighted average price of $107.68, 3,241 shares at $106.68, and 21,385 shares at $106.04, reducing this Class B position to zero. The filing notes that sale prices are weighted averages across multiple trades within stated price ranges.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brothers Norman M. Jr

(Last) (First) (Middle)

55 GLENLAKE PARKWAY, NE

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED PARCEL SERVICE INC [ UPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal & Compliance Off

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/26/2026		J(1)		25,014	D	$0.0000	22,960.988(2)	D
Class B Common Stock	01/26/2026		J(1)		25,014	A	$0.0000	25,014	D
Class B Common Stock	01/28/2026		S		388	D	$107.68(3)	24,626	D
Class B Common Stock	01/28/2026		S		3,241	D	$106.68(4)	21,385	D
Class B Common Stock	01/28/2026		S		21,385	D	$106.04(5)	0.0000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Conversion of shares of Class A common stock into Class B common stock in accordance with the terms thereof.

2. Includes 624.4350 shares in the reporting person's 401(k) account and 97.8476 shares acquired in the reporting person's Discounted Employee Stock Purchase Plan.

3. The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $107.51 to $108.04. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

4. The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $106.50 to $107.48. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

5. The price shown is the weighted average price at which shares were sold in multiple sales transactions made pursuant to a single market order. The range of prices for the transactions made was $105.49 to $106.49. Upon request by SEC staff, the issuer or a security holder of the issuer, the reporting person will provide full information regarding the number of shares sold at each separate price.

	Michael Hanson, Power of Attorney	01/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did UPS (UPS) report for Norman M. Brothers Jr.?

UPS reported that Chief Legal & Compliance Officer Norman M. Brothers Jr. converted 25,014 Class A shares into 25,014 Class B shares, then sold 25,014 Class B shares in three market transactions on January 28, 2026, at weighted average prices around $106–$108 per share.

How many UPS Class B shares did Norman M. Brothers Jr. sell on January 28, 2026?

He sold a total of 25,014 UPS Class B shares. The sales occurred in three tranches: 388 shares at $107.68, 3,241 shares at $106.68, and 21,385 shares at $106.04, fully disposing of this reported Class B holding.

What was the nature of the Class A to Class B share conversion at UPS?

On January 26, 2026, 25,014 UPS Class A shares were converted into 25,014 Class B shares at $0.00 per share. The filing states this conversion occurred in accordance with the terms of the Class A common stock, reflecting a non-cash, structural share change.

Who is the reporting insider in this UPS (UPS) Form 4 filing?

The reporting insider is Norman M. Brothers Jr., identified as an officer of United Parcel Service with the title Chief Legal & Compliance Officer. The Form 4 notes the transactions are filed as holdings directly owned by him, not through an intermediary entity.

How are the reported UPS share sale prices calculated in this Form 4?

For each sale line, the reported UPS share price is a weighted average of multiple trades executed under a single market order. The filing discloses specific price ranges for each order and indicates full trade-by-trade details are available upon request from the reporting person.