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UPS (UPS) executive Gutmann exercises restricted stock units, withholds shares for tax payment

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Form Type
4

Rhea-AI Filing Summary

UNITED PARCEL SERVICE INC executive Kathleen M. Gutmann exercised restricted stock units that converted into 3,551.5808 shares of Class A common stock for no cash consideration, then had 1,582 shares withheld to cover tax obligations. After these routine compensation-related transactions, she directly holds 99,443.7051 shares, plus 10,655 restricted stock units.

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Insider Gutmann Kathleen M.
Role Pres Intl, Healthcare and SCS
Type Security Shares Price Value
Exercise Restricted Stock Units 3,551.581 $0.00 --
Exercise Class A Common Stock 3,551.581 $0.00 --
Tax Withholding Class A Common Stock 1,582 $100.78 $159K
Holdings After Transaction: Restricted Stock Units — 10,655 shares (Direct, null); Class A Common Stock — 101,025.705 shares (Direct, null)
Footnotes (1)
  1. Includes 2,720.7921 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.
RSUs converted 3,551.5808 shares Restricted stock units converting into Class A common stock
Shares withheld for taxes 1,582 shares Tax-withholding disposition at $100.7800 per share
Tax withholding price $100.7800 per share Value used for tax-withholding disposition
Shares held after transaction 99,443.7051 shares Direct Class A common stock holdings following transactions
RSUs held after transaction 10,655.0000 units Remaining restricted stock units outstanding
401(k) shares 2,720.7921 shares Class A common stock in 401(k) account
Restricted stock units financial
"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 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.
Class A Common Stock financial
"Restricted stock units convert into shares of UPS Class A common stock on a one for one basis for no cash consideration."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
401(k) account financial
"Includes 2,720.7921 shares in the reporting person's 401(k) account."
dividends financial
"Includes units credited upon the payment of dividends on the underlying Class A common stock."
Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Gutmann Kathleen M.
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Pres Intl, Healthcare and SCS
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/15/2026M3,551.5808A$0.0000101,025.7051(1)D
Class A Common Stock05/15/2026F1,582D$100.7899,443.7051(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)05/15/2026M3,551.5808 (3) (3)Class A Common Stock3,551.5808$0.000010,655(4)D
Explanation of Responses:
1. Includes 2,720.7921 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 Attorney05/15/2026
** Signature of Reporting PersonDate
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 transaction did UPS (UPS) executive Kathleen Gutmann report?

Kathleen Gutmann reported exercising restricted stock units that converted into 3,551.5808 UPS Class A common shares and a related tax-withholding disposition of 1,582 shares. These moves reflect routine equity compensation mechanics rather than an open-market stock purchase or sale.

Did Kathleen Gutmann buy or sell UPS (UPS) shares on the open market?

She did not report any open-market buy or sell. The Form 4 shows an option-like exercise of restricted stock units and 1,582 shares withheld to satisfy tax liabilities, which is a non-market disposition commonly associated with vesting of equity awards.

How many UPS (UPS) shares does Kathleen Gutmann hold after this Form 4?

Following the reported transactions, she directly holds 99,443.7051 UPS Class A common shares. This total includes 2,720.7921 shares in her 401(k) account, according to the footnote, giving context for her overall equity exposure to the company.

What happens to Kathleen Gutmann’s UPS restricted stock units after this transaction?

Restricted stock units convert one-for-one into UPS Class A common stock for no cash consideration. After this vesting event, she holds 10,655 restricted stock units, which continue to represent deferred share-based compensation that may convert into additional stock over time.

How are the UPS (UPS) restricted stock units scheduled to vest for Kathleen Gutmann?

The restricted stock units vest 25% in May 2026, 25% in May 2027, and 50% in May 2028. The current transaction represents the first tranche of this three-year vesting cycle, showing a structured schedule for when future shares may be delivered.