United Parcel Service exec exercises RSUs, covers tax
On May 15, 2026, United Parcel Service President, US Operations Nando Cesarone exercised 3,551.5808 restricted stock units, receiving the same number of UPS Class A shares for no cash consideration.
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Form Type
4
Rhea-AI Filing Summary
On May 15, 2026, United Parcel Service President, US Operations Nando Cesarone exercised 3,551.5808 restricted stock units, receiving the same number of UPS Class A shares for no cash consideration. 1,582 Class A shares were withheld at $100.78 per share to cover taxes. After these transactions, he directly holds 43,507.0195 Class A common shares and 1 Class B share, with the RSU award vesting 25% in May 2026, 25% in May 2027 and 50% in May 2028.
Insider Trade Summary
3,551.5808 shares exercised/converted
Exercise
4 txns
Insider
Cesarone Nando
Role
President, US Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,551.5808 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,551.5808 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,582 | $100.78 | $159K |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,655 contracts (Direct);
Class A Common Stock — 43,507.0195 shares (Direct);
Class B Common Stock — 1 shares (Direct)
Footnotes (4)
- F1. Includes 341.4457 shares in the reporting person's 401(k) account.
- F2. Restricted stock units convert into shares of UPS Class A common stock on a one for one basis for no cash consideration.
- F3. 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.
- F4. Includes units credited upon the payment of dividends on the underlying Class A common stock.
Key Figures
RSUs exercised: 3551.5808 shares
Shares withheld for taxes: 1582.0000 shares at $100.78 per share
Post-transaction Class A holding: 43,507.0195 shares
+4 more
7 metrics
RSUs exercised
3551.5808 shares
Restricted stock units converted into UPS Class A common stock on May 15, 2026
Shares withheld for taxes
1582.0000 shares at $100.78 per share
Class A shares delivered to satisfy tax liability on RSU vesting
Post-transaction Class A holding
43,507.0195 shares
Direct UPS Class A common stock position after reported transactions
Restricted stock units remaining
10655.0000 units
RSU position reported after the derivative exercise
401(k) Class A shares
341.4457 shares
Shares credited in the reporting person's 401(k) account
Class B holding
1.0000 share
Direct UPS Class B common stock position
RSU vesting schedule
25% / 25% / 50%
RSUs vest 25% in May 2026, 25% in May 2027, 50% in May 2028
Key Terms
Restricted stock units, tax-withholding disposition, 401(k) account, vesting cycle
4 terms
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities is reported as a tax-withholding disposition of Class A common stock."
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.
401(k) account financial
"Includes 341.4457 shares in the reporting person's 401(k) account."
vesting cycle financial
"Current vesting represents the first tranche of the 3 year vesting cycle."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did UPS (UPS) executive Nando Cesarone report in this Form 4?
Nando Cesarone exercised 3,551.5808 restricted stock units, converting them into UPS Class A shares, and 1,582 shares were withheld at $100.78 per share to cover taxes, reflecting both an equity acquisition and a tax-withholding disposition on May 15, 2026.
How many restricted stock units vested for UPS (UPS) on May 15, 2026?
On May 15, 2026, 3,551.5808 restricted stock units vested and were converted into an equal number of UPS Class A shares for no cash consideration, representing the first 25% tranche of a three-year vesting cycle scheduled through May 2028.
What is the vesting schedule for the UPS (UPS) restricted stock units reported?
The restricted stock units vest 25% in May 2026, 25% in May 2027 and 50% in May 2028. The current vesting disclosed represents the first tranche of this three-year RSU vesting cycle for the executive’s equity award.
Does Nando Cesarone retain UPS (UPS) restricted stock units or dividend-equivalent units after this filing?
After the exercise, the Form 4 shows 10,655.0000 restricted stock units remaining. Footnotes state these units include amounts credited when dividends are paid on the underlying UPS Class A common stock, indicating ongoing dividend-equivalent accruals.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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