Form 4: UPS Director Boratto Acquires Restricted Stock Units
SEC Form 4 Filing
Director Eva C Boratto reports acquisition of 1,256 Restricted Stock Units (RSUs) convertible to UPS Class A common stock.
Summary
- Eva C Boratto, a director of United Parcel Service (UPS), filed a Form 4 disclosing a transaction.
- On May 2, 2024, Boratto acquired 1,256 Restricted Stock Units (RSUs).
- These RSUs convert into shares of UPS Class A common stock on a one-for-one basis upon termination of service as a director.
- The price of the derivative security is $0.0000.
- Following the transaction, Boratto beneficially owns 5,201.0021 derivative securities.
- The reported securities are directly owned.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/02/2024 | Date of transaction: Acquisition of Restricted Stock Units |
| 05/03/2024 | Date of signature on the report |
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