UPS (NYSE: UPS) tech chief logs RSU conversion and share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UNITED PARCEL SERVICE INC Chief Digital & Tech Officer Subramanian Bala reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On May 15, 2026, RSUs representing 3,086.297 Class A common shares were converted into shares for no cash consideration. To cover tax obligations, 1,027 Class A shares were disposed of via tax-withholding at a value of $100.78 per share, rather than through an open-market sale.
Following these transactions, Bala directly held 25,589.2887 Class A shares, which include 23.8419 shares in a 401(k) account and 112.9408 shares acquired under a Discounted Employee Stock Purchase Plan. He also held 9,260 RSUs, which convert one-for-one into Class A shares and vest 25% in May 2026, 25% in May 2027, and 50% in May 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,086.297 shares exercised/converted
Mixed
3 txns
Insider
Subramanian Bala
Role
Chief Digital & Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,086.297 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,086.297 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,027 | $100.78 | $104K |
Holdings After Transaction:
Restricted Stock Units — 9,260 shares (Direct, null);
Class A Common Stock — 25,589.289 shares (Direct, null)
Footnotes (1)
- Includes 23.8419 shares in the reporting person's 401(k) account and 112.9408 shares acquired pursuant to the Discounted Employee Stock Purchase Plan subsequent to the prior report. 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 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. Includes units credited upon the payment of dividends on the underlying Class A common stock.
Key Figures
RSUs converted: 3,086.297 shares
Tax-withholding shares: 1,027 shares
Tax-withholding price: $100.78 per share
+4 more
7 metrics
RSUs converted
3,086.297 shares
Restricted stock units converting into UPS Class A common stock on May 15, 2026
Tax-withholding shares
1,027 shares
Class A shares delivered for tax withholding at $100.78 per share
Tax-withholding price
$100.78 per share
Value used for shares disposed of to cover tax liabilities
Post-transaction holdings
25,589.2887 shares
Direct UPS Class A shares held after reported transactions
Remaining RSUs
9,260 units
Restricted stock units outstanding after transactions, each convertible 1:1 into Class A shares
401(k) UPS shares
23.8419 shares
UPS Class A shares held in Bala’s 401(k) account
ESPP UPS shares
112.9408 shares
Shares acquired via Discounted Employee Stock Purchase Plan after prior report
Key Terms
Restricted stock units, Discounted Employee Stock Purchase Plan, tax-withholding disposition, derivative exercise/conversion, +1 more
5 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.
Discounted Employee Stock Purchase Plan financial
"Includes 23.8419 shares in the reporting person's 401(k) account and 112.9408 shares acquired pursuant to the Discounted Employee Stock Purchase Plan subsequent to the prior report."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
401(k) account financial
"Includes 23.8419 shares in the reporting person's 401(k) account and 112.9408 shares acquired pursuant to the Discounted Employee Stock Purchase Plan subsequent to the prior report."
FAQ
What did UPS executive Subramanian Bala report in this Form 4 filing for UPS?
Subramanian Bala reported a routine RSU vesting and related tax-withholding transaction. 3,086.297 restricted stock units converted into UPS Class A shares, and 1,027 shares were withheld to satisfy tax liabilities rather than sold on the open market.
What restricted stock unit (RSU) position does Subramanian Bala hold at UPS after this Form 4?
Bala held 9,260 restricted stock units after the reported activity. These RSUs convert into UPS Class A common stock on a one-for-one basis for no cash consideration, providing potential future share deliveries as they vest over the stated schedule.
How do Subramanian Bala’s UPS RSUs vest according to this insider filing?
The RSUs vest over three years: 25% in May 2026, 25% in May 2027, and 50% in May 2028. The current transaction reflects the first tranche of this vesting cycle, with units credited for dividends also included in the RSU balance.
Was the UPS Form 4 transaction by Subramanian Bala an open-market stock sale?
No. The disposition of 1,027 UPS Class A shares was a tax-withholding transaction. Shares were delivered to cover exercise-related tax liabilities, classified under code F, rather than sold voluntarily on the open market for investment purposes.