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

Director Kevin M. Warsh reports acquisition of phantom stock units and restricted stock units in United Parcel Service Inc.

Summary

• On May 7, 2025, Kevin M. Warsh, a director of United Parcel Service Inc. (UPS), acquired 332.5883 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 8, 2025, Warsh also acquired 2,011 restricted stock units (RSUs), which 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 12,423.8925 phantom stock units and 26,753.3474 RSUs.
• The reporting person has direct ownership of the securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock unit acquisitions by a director, which is generally a positive sign but doesn't necessarily indicate a significant shift in the company's outlook.

Positives

• The acquisition of stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.
• The Deferred Compensation Plan and RSU grants align the director's interests with those of the shareholders.

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 used to align management's interests with those of shareholders. This filing is a routine disclosure of such transactions.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units, and phantom stock units to incentivize performance and align interests with shareholders.
• Companies like FedEx (FDX) and XPO Logistics also utilize similar compensation strategies for their executives and directors.
• The specific number of units granted and the terms of the deferred compensation plan are company-specific and depend on the overall compensation strategy.

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.
• There is no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Director, Kevin M. Warsh, UPS, United Parcel Service Inc, Phantom Stock Units, Restricted Stock Units, Deferred Compensation Plan, Beneficial Ownership