UPS (NYSE: UPS) director receives 1,948 restricted stock units award

Rhea-AI Filing Summary

UNITED PARCEL SERVICE INC director Rodney C. Adkins received a grant of 1,948 restricted stock units. These units were awarded at no cash cost to him and each unit is equivalent to one share of UPS Class A common stock.

The restricted stock units convert into Class A shares on a one-for-one basis when his service as a director ends. After this award, Adkins directly holds about 28,071.8312 restricted stock units, a figure that also includes units credited from dividends on the underlying Class A common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Adkins Rodney C

Role null

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

Holdings After Transaction: Restricted Stock Units — 28,071.831 shares (Direct, null)

Footnotes (1)

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

RSU grant size: 1,948 units Holdings after grant: 28,071.8312 units Grant price per unit: $0.00 per unit +1 more

4 metrics

RSU grant size 1,948 units Restricted stock units granted on 2026-05-07

Holdings after grant 28,071.8312 units Total restricted stock units directly held after transaction

Grant price per unit $0.00 per unit Equity compensation with no cash paid by director

Conversion ratio 1 unit = 1 share Each restricted stock unit converts into one UPS Class A share

Key Terms

Restricted Stock Units, Class A common stock, dividends

3 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.

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 →

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^*

Adkins Rodney 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)
			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)	05/07/2026		A		1,948		(2)	(2)	Class A Common Stock	1,948	$0.0000	28,071.8312(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)

FAQ

What did UPS (UPS) director Rodney C. Adkins report in this Form 4 filing?

Rodney C. Adkins reported receiving 1,948 restricted stock units. These units were granted as equity compensation, carry no cash purchase price, and increase his direct holdings to about 28,071.8312 units that are tied to UPS Class A common stock.

How many UPS (UPS) restricted stock units does Rodney C. Adkins hold after this grant?

After the grant, Adkins holds approximately 28,071.8312 restricted stock units. This total reflects the newly awarded 1,948 units plus prior units, including additional units credited over time from dividends on the underlying UPS Class A common stock.

When do Rodney C. Adkins’ UPS (UPS) restricted stock units convert into Class A shares?

The restricted stock units convert upon termination of his service as a director. At that time, each unit becomes one share of UPS Class A common stock, aligning his long-term compensation with shareholder interests over his board tenure.

What is the conversion ratio for Rodney C. Adkins’ UPS (UPS) restricted stock units?

Each restricted stock unit is equivalent to one UPS Class A share. The filing states that one unit converts into one share on a one-for-one basis, so the 1,948 new units represent 1,948 future shares when they ultimately settle.

Did Rodney C. Adkins pay cash for the 1,948 UPS (UPS) restricted stock units?

No, the 1,948 restricted stock units were granted at a price of $0.00 per unit. This indicates the award was part of his equity-based compensation as a director rather than an open-market stock purchase.

How are dividends reflected in Rodney C. Adkins’ UPS (UPS) restricted stock unit holdings?

Some units were credited from dividends on the underlying Class A shares. The filing explains that his total restricted stock units include additional units accumulated when dividends were paid on the related UPS Class A common stock position.