Form 4: Subramanian Bala reports multiple insider transactions in UPS

Rhea-AI Filing Summary

Subramanian Bala reported multiple insider transaction types in a Form 4 filing for UPS. The filing lists transactions totaling 3,822 shares at a weighted average price of $99.19 per share. Following the reported transactions, holdings were 22,860 shares.

Insider Trade Summary

1,676 shares exercised/converted

Mixed 3 txns

Insider Subramanian Bala

Role Chief Digital & Tech Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Performance Units	1,676	$0.00	--
Exercise	Class A Common Stock	1,676	$0.00	--
Tax Withholding	Class A Common Stock	470	$99.19	$47K

Holdings After Transaction: Restricted Performance Units — 0 shares (Direct); Class A Common Stock — 22,859.681 shares (Direct)

Footnotes (1)

1. Includes 23.4721 shares in the reporting person's 401(k) account and 95.7025 shares acquired in the reporting person's Discounted Employee Stock Purchase Plan. One unit is equivalent to one share of UPS Class A common stock. RPUs vested upon completion of the performance period, and were considered earned upon certification of financial results by the Compensation and Human Capital Committee of the Board, which occurred on February 4, 2026.

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^*

Subramanian Bala

(Last) (First) (Middle)

55 GLENLAKE PARKWAY, NE

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UNITED PARCEL SERVICE INC [ UPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Digital & Tech Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Class A Common Stock	02/13/2026		M		1,676	A	$0.0000	22,859.6811(1)	D
Class A Common Stock	02/13/2026		F		470	D	$99.19	22,389.6811(1)	D

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 Performance Units	(2)	02/13/2026		M			1,676	(3)	(3)	Class A Common Stock	1,676	$0.0000	0.0000	D

Explanation of Responses:

1. Includes 23.4721 shares in the reporting person's 401(k) account and 95.7025 shares acquired in the reporting person's Discounted Employee Stock Purchase Plan.

2. One unit is equivalent to one share of UPS Class A common stock.

3. RPUs vested upon completion of the performance period, and were considered earned upon certification of financial results by the Compensation and Human Capital Committee of the Board, which occurred on February 4, 2026.

	Michael Hanson, Power of Attorney	02/13/2026
	** 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.

FAQ

What insider transaction did UPS (UPS) disclose for Subramanian Bala?

UPS disclosed that Chief Digital & Tech Officer Subramanian Bala exercised 1,676 restricted performance units into Class A common shares. The equity award conversion increased his direct holdings, reflecting routine compensation-related activity rather than an open-market stock purchase or sale.

How many UPS shares does Subramanian Bala own after the reported Form 4?

After the reported transactions, Subramanian Bala directly beneficially owned 22,389.6811 UPS Class A shares. This figure includes 23.4721 shares in his 401(k) account and 95.7025 shares acquired through the Discounted Employee Stock Purchase Plan, as described in the filing footnotes.

Were any UPS shares sold on the open market in this Form 4 filing?

The filing shows 470 UPS Class A shares were disposed of at $99.19 per share as a tax-withholding disposition. This means shares were withheld to satisfy tax obligations tied to vesting, rather than being sold in a discretionary open-market transaction by the executive.

What are restricted performance units (RPUs) in the UPS Form 4 for Bala?

The restricted performance units are equity awards where one unit equals one UPS Class A share. They vested upon completion of a performance period and were considered earned when financial results were certified on February 4, 2026, then converted into 1,676 common shares on February 13, 2026.

What role does Subramanian Bala hold at UPS according to this filing?

According to the Form 4, Subramanian Bala serves as Chief Digital & Tech Officer of UPS. His reported transactions relate to equity compensation tied to this executive role, including restricted performance units that convert into Class A common stock upon vesting and certification of performance results.

How was the tax liability handled for Bala’s UPS award vesting?

To satisfy tax obligations from the vesting of restricted performance units, 470 UPS Class A shares were withheld at $99.19 per share. This tax-withholding disposition reduced the net shares delivered while avoiding a separate cash payment for the associated tax liability.