Angela Hwang (UPS: UPS) receives 1,948 RSUs as board compensation

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

United Parcel Service Inc. director Angela Hwang received a grant of 1,948 Restricted Stock Units, a form of equity compensation, at no cash cost. Each unit is equivalent to one share of UPS Class A common stock.

Following this award, Hwang directly holds a total of 10,362.7884 Restricted Stock Units. According to the terms, these units convert into UPS Class A common shares on a one-for-one basis upon her termination of service as a director, and the balance includes additional units credited from dividends on the underlying shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hwang Angela

Role null

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

Holdings After Transaction: Restricted Stock Units — 10,362.788 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

RSUs granted: 1,948 units Total RSUs after grant: 10,362.7884 units RSU-to-share ratio: 1 unit : 1 share

3 metrics

RSUs granted 1,948 units Restricted Stock Units awarded on May 7, 2026

Total RSUs after grant 10,362.7884 units Direct RSU holdings following the award

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

Key Terms

Restricted Stock Units, Class A common stock, dividends

3 terms

Restricted Stock Units financial

"Security title is listed as 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.

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.

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^*

Hwang Angela

(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	10,362.7884⁽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 did Angela Hwang report in this UPS (UPS) Form 4 filing?

Angela Hwang reported receiving 1,948 Restricted Stock Units as equity compensation from UPS. These units are derivatives tied to UPS Class A common stock and increase her direct holdings to 10,362.7884 units, reflecting her ongoing compensation as a company director.

How many UPS Restricted Stock Units does Angela Hwang hold after this grant?

After the grant, Angela Hwang holds 10,362.7884 Restricted Stock Units related to UPS Class A common stock. This total includes the newly awarded 1,948 units as well as units previously credited, including those added when dividends were paid on the underlying Class A shares.

What is the size and nature of Angela Hwang’s new UPS RSU award?

Angela Hwang received 1,948 Restricted Stock Units from UPS, recorded as a derivative acquisition with no cash exercise price. Each unit represents a right tied to UPS Class A common stock and reflects compensation rather than an open-market purchase of shares.

When do Angela Hwang’s UPS Restricted Stock Units convert into shares?

Her Restricted Stock Units convert into UPS Class A common stock upon her termination of service as a director. The conversion occurs on a one-for-one basis, so each unit becomes one share, aligning her long-term director compensation with UPS shareholder interests.

How are dividends on UPS stock reflected in Angela Hwang’s RSU holdings?

Her RSU balance includes units credited when dividends are paid on the underlying UPS Class A common stock. Instead of receiving cash dividends directly on the units, additional Restricted Stock Units are credited, which increases her total derivative holdings over time.