Form 4: UPS Executive Bala Subramanian Reports Stock Option and RSU Grants
SEC Form 4 Filing
Bala Subramanian, Chief Digital & Tech Officer at United Parcel Service, reports the acquisition of stock options and restricted stock units (RSUs) in a recent SEC filing.
Summary
- Bala Subramanian, Chief Digital & Tech Officer of United Parcel Service (UPS), filed a Form 4 with the SEC on May 13, 2025.
- The filing reports the grant of stock options to purchase 21,909 shares of Class A common stock at an exercise price of $95.89, vesting annually beginning May 9, 2026, and expiring May 9, 2035.
- Additionally, 11,548 Restricted Stock Units (RSUs) were granted, which will convert into shares of UPS Class A common stock on a one-for-one basis.
- These RSUs vest as follows: 25% on each of May 9, 2026 and 2027, and 50% on May 9, 2028.
- The filing also includes a Power of Attorney, dated August 8, 2024, authorizing several individuals to act on Subramanian's behalf for SEC filings related to UPS securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The grants are a standard part of executive compensation and indicate confidence in the executive's ability to contribute to the company's success. There are no negative implications.
Positives
- The grant of stock options and RSUs aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the options and RSUs.
Industry Context
Stock option and RSU grants are a common practice in executive compensation packages to incentivize performance and align management's interests with those of shareholders. These grants are typical for retaining and motivating key personnel in competitive industries.
Comparison to Industry Standards
- Executive compensation packages, including stock options and RSUs, are common across the logistics and transportation industry.
- Companies like FedEx, XPO Logistics, and Deutsche Post DHL also utilize similar equity-based compensation to incentivize their executives.
- The vesting schedules and grant sizes are generally benchmarked against peer companies to ensure competitiveness in attracting and retaining top talent.
Stakeholder Impact
- The grants align executive interests with shareholder value, potentially leading to improved company performance.
- Employees may view the grants as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 2024-08-08 | Date of Power of Attorney execution. |
| 2025-05-09 | Date of the reported transaction (grant of options and RSUs). |
| 2025-05-09 | Options exercisable date. |
| 2025-05-13 | Date of Form 4 filing. |
| 2026-05-09 | First vesting date for options (20% annually). |
| 2026-05-09 | First vesting date for RSUs (25%). |
| 2027-05-09 | Second vesting date for RSUs (25%). |
| 2028-05-09 | Final vesting date for RSUs (50%). |
| 2035-05-09 | Expiration date for options. |
Keywords
Form 4, stock options, RSUs, restricted stock units, Bala Subramanian, UPS, United Parcel Service, Chief Digital & Tech Officer, beneficial ownership, SEC filing, Power of Attorney
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.