UPS grants 58K RSUs to COO Nando Cesarone

UPS’s Chief Global Operations Officer received a time-vested award of 58,446 restricted stock units that convert into Class A common shares as they vest.

Rhea-AI Filing Summary

UNITED PARCEL SERVICE INC (UPS) reported that Chief Global Operations Officer Nando Cesarone received a grant of 58,446 restricted stock units on September 1, 2026. The units were granted under the United Parcel Service, Inc. Incentive Compensation Plan and each unit automatically converts into one share of Class A common stock upon settlement. The restricted stock units vest over time: 25% on September 1, 2027, 25% on September 1, 2028, and 50% on September 1, 2029. After this award, Cesarone is reported as directly holding 58,446 restricted stock units. No Rule 10b5-1 trading plan is indicated for this award.

Insider Trade Summary

Grant/Award: 58,446 shares

Grant/Award 1 txn

Insider Cesarone Nando

Role Chief Global Operations Off

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2	58,446	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 58,446 contracts (Direct)

Footnotes (2)

1. F1. Restricted stock units granted under the United Parcel Service, Inc. Incentive Compensation Plan. Each unit automatically converts into one share of Class A common stock.
2. F2. Restricted stock units vest as follows: 25% on each of September 1, 2027 and 2028; 50% on September 1, 2029.

Key Figures

Restricted stock units granted: 58,446 units RSU vesting 2027: 25% RSU vesting 2028: 25% +3 more

6 metrics

Restricted stock units granted 58,446 units Grant to Chief Global Operations Officer on September 1, 2026

RSU vesting 2027 25% Portion of RSUs vesting on September 1, 2027

RSU vesting 2028 25% Portion of RSUs vesting on September 1, 2028

RSU vesting 2029 50% Remaining RSUs vesting on September 1, 2029

Underlying Class A common stock 58,446 shares Each RSU converts into one share of Class A common stock

Post-transaction RSU holdings 58,446 units Directly held by Nando Cesarone following the award

Key Terms

Restricted stock units, Incentive Compensation Plan, Class A common stock, vest

4 terms

Restricted stock units financial

"Restricted stock units granted under the United Parcel Service, Inc. Incentive Compensation Plan"

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.

Incentive Compensation Plan financial

"granted under the United Parcel Service, Inc. Incentive Compensation Plan"

An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.

Class A common stock financial

"Each unit automatically converts into one share of 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.

vest financial

"Restricted stock units vest as follows: 25% on each of September 1, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

What equity award did UPS (UPS) grant to Nando Cesarone?

UPS granted 58,446 restricted stock units to Chief Global Operations Officer Nando Cesarone on September 1, 2026. The units were issued under the United Parcel Service, Inc. Incentive Compensation Plan and each unit will convert into one share of Class A common stock upon settlement.

How do the new restricted stock units for UPS executive Nando Cesarone vest?

The restricted stock units vest in stages: 25% on September 1, 2027, 25% on September 1, 2028, and the remaining 50% on September 1, 2029. Vesting must occur before the units convert into Class A common stock.

What will Nando Cesarone receive when the UPS restricted stock units settle?

Each restricted stock unit automatically converts into one share of UPS Class A common stock when it settles, so the 58,446 units correspond to up to 58,446 Class A shares, subject to vesting of the award on the stated future dates.

How many UPS restricted stock units does Nando Cesarone hold after this Form 4?

After this reported grant, Nando Cesarone is shown as directly holding 58,446 restricted stock units. These units are subject to the time-based vesting schedule running from 2027 through 2029 before they fully convert into Class A common stock.

Was the UPS equity grant to Nando Cesarone made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, so no Rule 10b5-1 trading plan is reported in connection with this restricted stock unit award to Nando Cesarone.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 06:04 PM Accepted by SEC EDGAR 09/03/2026 - 06:00 PM Learn about SEC filing dates

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 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)
	Chief Global Operations Off

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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)
			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
Restricted Stock Units	(1)	09/01/2026		A		58,446		(2)	(2)	Class A Common Stock	58,446	$0.0000	58,446	D

Explanation of Responses:

1. Restricted stock units granted under the United Parcel Service, Inc. Incentive Compensation Plan. Each unit automatically converts into one share of Class A common stock.

2. Restricted stock units vest as follows: 25% on each of September 1, 2027 and 2028; 50% on September 1, 2029.

	Michael Hanson, Power of Attorney	09/03/2026
	** 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)