Were any of Matthew W. Guffey’s UPS share transactions open-market sales or purchases?

The Form 4 shows no open-market purchases or sales by Matthew W. Guffey. Instead, it reports a derivative exercise of 2,667.8342 restricted stock units and a tax-withholding disposition of 1,189.0000 shares to cover tax obligations associated with the vesting event.

What tax-related activity is disclosed in Matthew W. Guffey’s UPS Form 4 filing?

The filing discloses a tax-withholding disposition coded “F,” where 1,189.0000 UPS Class A shares were withheld at $100.7800 per share. This represents shares delivered to satisfy tax liabilities tied to the vesting and conversion of restricted stock units, not a discretionary market sale.

UPS (NYSE: UPS) officer vests RSUs, withholds shares to cover taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

UNITED PARCEL SERVICE INC executive Matthew W. Guffey reported routine equity compensation activity involving UPS Class A common stock and restricted stock units. He exercised 2,667.8342 restricted stock units, which convert into Class A common stock on a one-for-one basis for no cash consideration.

To cover tax obligations, 1,189.0000 Class A shares were withheld at a price of $100.7800 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, he directly holds 9,769.5585 Class A shares, including 262.6176 shares in his 401(k) account, and 8,001.0000 restricted stock units remain outstanding, vesting 25% in May 2026, 25% in May 2027 and 50% in May 2028.

Insider Trade Summary

2,667.834 shares exercised/converted

Mixed 3 txns

Insider Guffey Matthew W

Role CHF Commercial & Strategy Off

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,667.834	$0.00	--
Exercise	Class A Common Stock	2,667.834	$0.00	--
Tax Withholding	Class A Common Stock	1,189	$100.78	$120K

Holdings After Transaction: Restricted Stock Units — 8,001 shares (Direct, null); Class A Common Stock — 9,769.559 shares (Direct, null)

Footnotes (1)

Includes 262.6176 shares in the reporting person's 401(k) account. Restricted stock units convert into shares of UPS Class A common stock on a one for one basis for no cash consideration. Restricted stock units vest 25% in May 2026, 25% in May 2027 and 50% in May 2028. Current vesting represents the first tranche of the 3 year vesting cycle. Includes units credited upon the payment of dividends on the underlying Class A common stock.

Key Figures

RSUs exercised: 2,667.8342 units Tax-withholding shares: 1,189.0000 shares Tax-withholding price: $100.7800 per share +4 more

7 metrics

RSUs exercised 2,667.8342 units Restricted stock units converted one-for-one into Class A common stock

Tax-withholding shares 1,189.0000 shares Shares delivered to cover tax liability on vesting event

Tax-withholding price $100.7800 per share Price used for tax-withholding disposition of Class A shares

Shares held after 9,769.5585 shares Total UPS Class A shares directly held following transactions

401(k) shares 262.6176 shares Portion of holdings in the reporting person’s 401(k) account

RSUs remaining 8,001.0000 units Restricted stock units outstanding after current vesting tranche

Vesting schedule 25% 2026, 25% 2027, 50% 2028 Future vesting of remaining restricted stock units in May of each year

Key Terms

Restricted stock units, tax-withholding disposition, derivative exercise/conversion, 401(k) account

4 terms

Restricted stock units financial

"Restricted stock units convert into shares of UPS Class A common stock on a one for one basis"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"Exercise or conversion of derivative security"

401(k) account financial

"Includes 262.6176 shares in the reporting person's 401(k) account."

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 04:11 PM

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^*

Guffey Matthew W

(Last)

(First)

(Middle)

55 GLENLAKE PARKWAY, NE

(Street)

ATLANTA

GEORGIA

30328

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	CHF Commercial & Strategy Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/15/2026		M		2,667.8342	A	$0.0000	9,769.5585⁽¹⁾	D
Class A Common Stock	05/15/2026		F		1,189	D	$100.78	8,580.5585⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	05/15/2026		M			2,667.8342	⁽³⁾	⁽³⁾	Class A Common Stock	2,667.8342	$0.0000	8,001⁽⁴⁾	D

Explanation of Responses:

1. Includes 262.6176 shares in the reporting person's 401(k) account.

2. Restricted stock units convert into shares of UPS Class A common stock on a one for one basis for no cash consideration.

3. Restricted stock units vest 25% in May 2026, 25% in May 2027 and 50% in May 2028. Current vesting represents the first tranche of the 3 year vesting cycle.

4. Includes units credited upon the payment of dividends on the underlying Class A common stock.

	Michael Hanson, Power of Attorney	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did UPS executive Matthew W. Guffey report on this Form 4 for UPS?

Matthew W. Guffey reported exercising 2,667.8342 restricted stock units into UPS Class A common shares and a related tax-withholding disposition of 1,189.0000 shares. These actions reflect routine equity compensation vesting and associated tax payments rather than open-market buying or selling activity.

How many UPS shares does Matthew W. Guffey hold after the reported Form 4 transactions for UPS?

After the reported transactions, Matthew W. Guffey holds 9,769.5585 UPS Class A common shares directly. This total includes 262.6176 shares credited to his 401(k) account, providing context for his ongoing equity stake following the vesting and tax-withholding events.

How many restricted stock units does Matthew W. Guffey still have after this UPS Form 4?

Following the reported transactions, Matthew W. Guffey holds 8,001.0000 restricted stock units. These units convert one-for-one into UPS Class A common stock for no cash consideration and vest 25% in May 2026, 25% in May 2027 and 50% in May 2028.

What is the vesting schedule for Matthew W. Guffey’s remaining UPS restricted stock units?

The remaining 8,001.0000 restricted stock units vest over three years: 25% in May 2026, 25% in May 2027 and 50% in May 2028. The current Form 4 reflects the first tranche of this three-year vesting cycle, with additional tranches scheduled in later years.