Form 4: UPS Director Franck J. Moison Reports Acquisition of Restricted Stock Units

Franck J. Moison, a director of United Parcel Service (UPS), reported the acquisition of 1,256 Restricted Stock Units (RSUs) convertible to Class A common stock.

Summary

• On May 2, 2024, Franck J. Moison, a director of United Parcel Service (UPS), 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, Moison beneficially owns 12,772.8529 shares, including units credited upon the payment of dividends on the underlying Class A common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns director interests with the company's long-term performance.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs will convert into shares of UPS Class A common stock upon termination of service as a director, indicating a long-term alignment of interests between the director and the company.

Industry Context

Acquisition of stock options and restricted stock units are a common way to compensate directors of publicly listed companies.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence.

Key Dates