UPS (NYSE: UPS) legal chief exercises 1,250 units, 617 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
United Parcel Service (UPS) chief legal and compliance officer Norman M. Brothers Jr. converted 1,250 restricted performance units into the same number of Class A common shares at an exercise price of $0.0000 on February 13, 2026. To cover tax obligations related to this vesting, 617 Class A shares were automatically withheld at a price of $99.19 per share. After these transactions, he directly owned 23,593.988 Class A shares, which include 624.435 shares held in his 401(k) account. The filing notes that the restricted performance units vested after completion of the performance period and certification of financial results on February 4, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,250 shares exercised/converted
Mixed
3 txns
Insider
Brothers Norman M. Jr
Role
Chief Legal & Compliance Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Performance Units | 1,250 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,250 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 617 | $99.19 | $61K |
Holdings After Transaction:
Restricted Performance Units — 0 shares (Direct);
Class A Common Stock — 24,210.988 shares (Direct)
Footnotes (1)
- Includes 624.4350 shares in the reporting person's 401(k) account. One unit is equivalent to one share of UPS Class A common stock. RPUs vested upon completion of the performance period, and were considered earned upon certification of financial results by the Compensation and Human Capital Committee of the Board, which occurred on February 4, 2026.
FAQ
What insider transaction did UPS (UPS) report for Norman M. Brothers Jr.?
UPS reported that Norman M. Brothers Jr. converted 1,250 restricted performance units into Class A common stock. The same day, 617 shares were withheld to satisfy tax obligations, leaving him with 23,593.988 directly owned shares after the transactions.
What is the nature of the 1,250-unit transaction reported for UPS (UPS)?
The 1,250-unit transaction reflects the exercise or conversion of restricted performance units into 1,250 UPS Class A shares at an exercise price of $0.0000. These units had vested after a performance period and subsequent certification of financial results on February 4, 2026.
What role does Norman M. Brothers Jr. hold at UPS (UPS)?
Norman M. Brothers Jr. serves as United Parcel Service’s Chief Legal and Compliance Officer. The Form 4 identifies him as an officer of the issuer, and the reported equity transactions relate to his compensation and equity-based awards from the company.
How are UPS restricted performance units described in this Form 4?
Each restricted performance unit is equivalent to one share of UPS Class A common stock. The filing explains that these RPUs vested after a performance period and were treated as earned once financial results were certified on February 4, 2026.