UPS (UPS) US Operations President Nando Cesarone awarded options and performance units

Rhea-AI Filing Summary

UPS President, US Operations Nando Cesarone received new equity awards. On February 4, 2026, he was granted an option to purchase 51,376 shares of UPS Class A common stock at an exercise price of $116.74 per share, expiring on February 4, 2036.

These options vest in five equal annual installments of 20% beginning on February 4, 2027. Cesarone was also awarded 1,831 restricted performance units under UPS’s Long Term Incentive Compensation Program. Each unit will automatically convert into one share of Class A common stock after the performance period is completed.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Cesarone Nando

Role President, US Operations

Type	Security	Shares	Price	Value
Grant/Award	Option to Purchase Class A Common	51,376	$0.00	--
Grant/Award	Restricted Performance Units	1,831	$0.00	--

Holdings After Transaction: Option to Purchase Class A Common — 51,376 shares (Direct); Restricted Performance Units — 1,831 shares (Direct)

Footnotes (1)

1. Options vest at the rate of 20% annually beginning February 4, 2027. Restricted performance units awarded under the Company's Long Term Incentive Compensation Program following the completion of the performance period. Each unit automatically converts into one share of Class A common stock.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Cesarone Nando

(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)
	President, US Operations

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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

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
Option to Purchase Class A Common	$116.74	02/04/2026		A		51,376		(1)	02/04/2036	Class A Common Stock	51,376	$0.0000	51,376	D
Restricted Performance Units	(2)	02/04/2026		A		1,831		(2)	(2)	Class A Common Stock	1,831	$0.0000	1,831	D

Explanation of Responses:

1. Options vest at the rate of 20% annually beginning February 4, 2027.

2. Restricted performance units awarded under the Company's Long Term Incentive Compensation Program following the completion of the performance period. Each unit automatically converts into one share of Class A common stock.

	Michael Hanson, Power of Attorney	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did UPS executive Nando Cesarone report on this Form 4 for UPS?

Nando Cesarone reported receiving new equity awards from UPS. He was granted options on 51,376 shares of Class A common stock and 1,831 restricted performance units, both awarded on February 4, 2026, as part of his executive compensation package.

What are the key terms of Nando Cesarone’s UPS stock option grant reported in this Form 4?

Cesarone received an option to purchase 51,376 UPS Class A common shares at an exercise price of $116.74 per share. The option expires on February 4, 2036 and vests 20% per year starting February 4, 2027, providing long-term, performance-linked compensation.

How do the restricted performance units granted to UPS’s Nando Cesarone work?

Cesarone was awarded 1,831 restricted performance units under UPS’s Long Term Incentive Compensation Program. After the performance period is completed, each unit automatically converts into one share of UPS Class A common stock, directly tying his compensation to long-term company performance.

What role does Nando Cesarone hold at UPS in connection with this Form 4 filing?

Nando Cesarone is identified as an officer of UPS, serving as President, US Operations. The Form 4 shows equity awards granted to him in this leadership role, aligning his incentives with UPS’s long-term operational and financial performance in the United States segment.

When do Nando Cesarone’s UPS stock options start vesting and over what period?

The options begin vesting on February 4, 2027. They vest at a rate of 20% annually, meaning the 51,376-share grant is spread evenly over five years, encouraging multi-year retention and alignment with UPS shareholders’ interests through staggered vesting.