Form 4: UPS Director Rodney C. Adkins Reports Acquisition of Restricted Stock Units

Director Rodney C. Adkins reports acquisition of 1,256 Restricted Stock Units (RSUs) convertible to Class A Common Stock of United Parcel Service (UPS) following termination of service as a director.

Summary

• On May 2, 2024, Rodney C. Adkins, a director of United Parcel Service (UPS), acquired 1,256 Restricted Stock Units (RSUs).
• These RSUs are convertible 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, Adkins beneficially owns 21,311.2888 derivative securities.
• The report was filed on May 3, 2024, by Eli Brown under Power of Attorney.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence in the company's future.

Future Outlook

The RSUs will convert into shares of UPS Class A common stock upon termination of service as a director.

Industry Context

This filing is a routine disclosure of a director's acquisition of restricted stock units, a common form of executive compensation in publicly traded companies.

Stakeholder Impact

• The acquisition of RSUs by a director can signal confidence in the company's future performance to shareholders.

Key Dates