UPS (NYSE: UPS) director Kevin Warsh awarded restricted and phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNITED PARCEL SERVICE INC director Kevin M. Warsh received equity-based compensation in the form of restricted and phantom stock units linked to UPS Class A common stock. On May 7, 2026, he was granted 1,948 restricted stock units, bringing his restricted stock unit holdings to 30,550.7686 units. These restricted stock units convert into shares of UPS Class A common stock on a one-for-one basis upon termination of his service as a director.
On May 6, 2026, Warsh was also granted 312.8441 phantom stock units under a Deferred Compensation Plan, increasing his phantom stock unit balance to 14,622.8519 units. Each unit is equivalent to one share of UPS Class A common stock, and phantom stock units generally become payable in UPS Class A common stock or cash upon termination of board service. These balances include additional units credited when dividends are paid on the underlying UPS Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Warsh Kevin M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,948 | $0.00 | -- |
| Grant/Award | Phantom Stock Units | 312.844 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 30,550.769 shares (Direct, null);
Phantom Stock Units — 14,622.852 shares (Direct, null)
Footnotes (1)
- One unit is equivalent to one share of UPS Class A common stock. Grant of phantom stock units pursuant to Deferred Compensation Plan. Phantom stock units generally become payable in shares of Class A common stock or cash upon termination of service as a director. Includes units credited upon the payment of dividends on the underlying 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.
Key Figures
Restricted stock units granted: 1,948 units
RSU holdings after grant: 30,550.7686 units
Phantom stock units granted: 312.8441 units
+2 more
5 metrics
Restricted stock units granted
1,948 units
Grant on May 7, 2026 to Kevin M. Warsh
RSU holdings after grant
30,550.7686 units
Restricted stock units following May 7, 2026 grant
Phantom stock units granted
312.8441 units
Grant on May 6, 2026 under Deferred Compensation Plan
Phantom units after grant
14,622.8519 units
Phantom stock unit balance after May 6, 2026 grant
Unit-to-share ratio
1 unit = 1 share
Each unit equivalent to one UPS Class A common share
Key Terms
Restricted Stock Units, Phantom Stock Units, Deferred Compensation Plan, Class A common stock, +1 more
5 terms
Restricted Stock Units financial
"On May 7, 2026, he was granted 1,948 restricted stock units"
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.
Phantom Stock Units financial
"On May 6, 2026, Warsh was also granted 312.8441 phantom stock units"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan financial
"Grant of phantom stock units pursuant to Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Class A common stock financial
"Each 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.
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.
FAQ
What did UPS director Kevin M. Warsh receive in this Form 4 filing for UPS?
Kevin M. Warsh received equity-based compensation, including 1,948 restricted stock units and 312.8441 phantom stock units. Both are linked one-for-one to UPS Class A common stock and are generally payable when his service as a director ends.
How many restricted stock units does Kevin M. Warsh hold after these UPS grants?
After the new grant, Kevin M. Warsh holds 30,550.7686 restricted stock units. These units convert into the same number of UPS Class A common shares upon his termination of service as a director, providing long-term, stock-linked compensation.
What are phantom stock units in the UPS Form 4 for Kevin M. Warsh?
Phantom stock units are bookkeeping units equal to one UPS Class A share. Warsh’s 312.8441-unit grant, under a Deferred Compensation Plan, increases his total phantom stock holdings to 14,622.8519 units, generally payable in stock or cash when board service ends.
When do Kevin M. Warsh’s UPS restricted and phantom units become payable or convert into shares?
Both restricted stock units and phantom stock units generally settle upon termination of service as a director. Restricted units convert one-for-one into UPS Class A common stock, while phantom units are payable in stock or cash at that time.