Form 4: UPS Director Kevin M. Warsh Reports Acquisition of Phantom Stock Units

Director Kevin M. Warsh reports acquisition of phantom stock units in United Parcel Service Inc. (UPS) through a deferred compensation plan.

Summary

• Kevin M. Warsh, a director of United Parcel Service Inc. (UPS), filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Warsh acquired 279.2672 phantom stock units on February 5, 2025, through a grant pursuant to a Deferred Compensation Plan.
• These phantom stock units are equivalent to shares of UPS Class A common stock and generally become payable in shares or cash upon termination of service as a director.
• Following the reported transaction, Warsh beneficially owns 11,928.9517 derivative securities.
• The reporting person has direct ownership of the derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices. The acquisition of phantom stock units aligns director interests with shareholders.

Future Outlook

The phantom stock units generally become payable in shares of Class A common stock or cash upon termination of service as a director.

Industry Context

This filing is a routine disclosure related to director compensation and aligns with standard practices for publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration package, incentivizing them to align their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or phantom stock units.
• Companies like FedEx (FDX) and XPO Logistics (XPO) also utilize equity-based compensation for their directors.
• The specific amount and type of equity compensation can vary based on company size, performance, and industry norms.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, potentially fostering better corporate governance and decision-making.

Key Dates