UPS (NYSE: UPS) director receives 1,948 RSUs that convert to Class A shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

UNITED PARCEL SERVICE INC director Eva C. Boratto received a grant of 1,948 Restricted Stock Units on May 7, 2026. Each unit is equivalent to one share of UPS Class A common stock and converts on a one-for-one basis upon termination of service as a director.

Following this award, Boratto directly holds a total of 9,948.8064 restricted stock units, including units credited from dividends on the underlying Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Boratto Eva C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,948	$0.00	--

Holdings After Transaction: Restricted Stock Units — 9,948.806 shares (Direct, null)

Footnotes (1)

One unit is equivalent to one share of UPS Class A common stock. Restricted stock units convert into shares of UPS Class A common stock on a one for one basis upon termination of service as a director. Includes units credited upon the payment of dividends on the underlying Class A common stock.

Key Figures

Restricted Stock Units granted: 1,948 units Total RSUs held after grant: 9,948.8064 units RSU-to-share ratio: 1 unit = 1 share +1 more

4 metrics

Restricted Stock Units granted 1,948 units Grant to director Eva C. Boratto on May 7, 2026

Total RSUs held after grant 9,948.8064 units Direct holdings following the award

RSU-to-share ratio 1 unit = 1 share Each unit equals one UPS Class A common share

Underlying security 1,948 Class A shares Underlying Class A common stock for this RSU grant

Key Terms

Restricted Stock Units, Class A common stock, termination of service as a director, dividends

4 terms

Restricted Stock Units financial

"The security title reported is "Restricted Stock Units" granted to the director."

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

"One unit is equivalent to one share of UPS Class A common stock."

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.

termination of service as a director financial

"Units convert into shares upon termination of service as a director."

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 →

05/08/2026 - 04:31 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^*

Boratto Eva C

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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)

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	⁽¹⁾	05/07/2026		A		1,948		⁽²⁾	⁽²⁾	Class A Common Stock	1,948	$0.0000	9,948.8064⁽³⁾	D

Explanation of Responses:

1. One unit is equivalent to one share of UPS Class A common stock.

2. Restricted stock units convert into shares of UPS Class A common stock on a one for one basis upon termination of service as a director.

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

	Michael Hanson, Power of Attorney	05/08/2026
	** 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 transaction did UPS (UPS) report for Eva C. Boratto?

UPS reported that director Eva C. Boratto received 1,948 Restricted Stock Units on May 7, 2026. These units are a stock-based award that increases her direct holdings to 9,948.8064 units linked to UPS Class A common stock.

How many UPS (UPS) Restricted Stock Units does Eva C. Boratto now hold?

After the latest award, Eva C. Boratto directly holds 9,948.8064 Restricted Stock Units. This total includes the new 1,948-unit grant and additional units credited over time from dividends on the underlying UPS Class A common stock.

What does each UPS (UPS) Restricted Stock Unit represent for Eva C. Boratto?

Each Restricted Stock Unit granted to Eva C. Boratto is equivalent to one share of UPS Class A common stock. When the units convert, they deliver the same economic value as owning one share of that UPS Class A stock.

When do Eva C. Boratto’s UPS (UPS) Restricted Stock Units convert into shares?

Boratto’s Restricted Stock Units convert into shares of UPS Class A common stock upon her termination of service as a director. At that time, each unit converts on a one-for-one basis into an equivalent number of Class A shares.

How are dividends handled on Eva C. Boratto’s UPS (UPS) Restricted Stock Units?

Her reported holdings include units credited upon the payment of dividends on the underlying Class A common stock. Instead of paying cash, UPS credits additional units, increasing the total number of Restricted Stock Units she holds over time.