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

Kevin M. Warsh, a director of United Parcel Service (UPS), reported the acquisition of phantom stock units and restricted stock units, according to a Form 4 filing with the SEC.

Summary

• On May 1, 2024, Kevin M. Warsh, a director at United Parcel Service (UPS), acquired 205.5921 phantom stock units.
• These units were granted pursuant to the Deferred Compensation Plan and generally become payable in shares of Class A common stock or cash upon termination of service as a director.
• On May 2, 2024, Warsh also 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.
• Following these transactions, Warsh beneficially owns 10,764.761 phantom stock units and 23,514.9158 restricted stock units.
• The price of both the phantom stock units and restricted stock units was $0.0000.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard compensation practices and insider confidence, but doesn't contain groundbreaking news.

Positives

• The acquisition of phantom stock units and restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the acquisition of stock units suggests an expectation of future value.

Industry Context

Director stock acquisitions are common in publicly traded companies and are often seen as a way to align the interests of management with those of shareholders. This filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units, and phantom stock units to incentivize long-term performance.
• Companies like FedEx and XPO Logistics also utilize similar equity-based compensation plans for their executives and directors.
• The specific amounts and terms of these grants vary depending on the company's size, performance, and compensation philosophy.

Stakeholder Impact

• The acquisition of stock units by a director can positively influence shareholder sentiment, as it aligns the director's interests with those of the shareholders.

Key Dates