UPS (NYSE: UPS) director Russell Stokes receives 1,948 RSU grant

Rhea-AI Filing Summary

United Parcel Service (UPS) director Russell Stokes received a grant of 1,948 restricted stock units (RSUs). These RSUs are tied to UPS Class A common stock on a one-for-one basis and were awarded at no cash cost to Stokes as director compensation.

Following this grant, Stokes directly holds a total of 9,577.983 restricted stock units. According to the filing, these RSUs convert into shares of UPS Class A common stock on a one-for-one basis upon his termination of service as a director, and the holdings include additional units credited when dividends are paid on the underlying stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stokes Russell

Role null

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

Holdings After Transaction: Restricted Stock Units — 9,577.983 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

RSUs granted: 1,948 units RSU holdings after grant: 9,577.983 units Grant price per RSU: $0.0000 per unit +1 more

4 metrics

RSUs granted 1,948 units Restricted stock unit award on May 7, 2026

RSU holdings after grant 9,577.983 units Total restricted stock units directly held after transaction

Grant price per RSU $0.0000 per unit Compensation grant, not an open-market purchase

Underlying shares per RSU 1 share per unit Each RSU equals one UPS Class A common share

Key Terms

Restricted Stock Units, Class A Common Stock, termination of service as a director, dividends

4 terms

Restricted Stock Units financial

"The filing lists the security title as "Restricted Stock Units" for the award."

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 restricted stock 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.

termination of service as a director financial

"Restricted stock units convert into shares upon termination of service as a director."

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^*

Stokes Russell

(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	9,577.983(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 Russell Stokes report in this Form 4 filing?

Russell Stokes reported receiving 1,948 restricted stock units as director compensation. These RSUs are derivative securities tied one-for-one to UPS Class A common stock and increase his direct RSU holdings to 9,577.983 units, according to the filing details and footnotes.

How many restricted stock units does Russell Stokes now hold at UPS (UPS)?

After the reported grant, Russell Stokes holds 9,577.983 restricted stock units directly. Each unit is equivalent to one share of UPS Class A common stock, and the total includes additional units credited when dividends are paid on the underlying Class A shares.

What is the size and nature of the new UPS (UPS) equity award to Russell Stokes?

The filing shows a grant of 1,948 restricted stock units to director Russell Stokes. The RSUs were awarded at a price of $0.0000 per unit as a compensation grant, not a market purchase, and will ultimately convert into UPS Class A common stock on a one-for-one basis.

When do Russell Stokes’s restricted stock units in UPS (UPS) convert into shares?

According to the footnotes, Russell Stokes’s restricted stock units convert into UPS Class A common stock on a one-for-one basis upon termination of his service as a director. Until then, the units remain as RSUs, with additional units credited when dividends are paid.

Are dividends reflected in Russell Stokes’s UPS (UPS) restricted stock unit balance?

Yes. A footnote explains that his total restricted stock units include additional units credited upon payment of dividends on the underlying UPS Class A common stock. This means his RSU balance grows over time as dividends are paid and reinvested as units.