Form 4: UPS Executive Ford Exercises Stock Options, Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Darrell L. Ford, Chief Human Resources Officer at United Parcel Service, exercised restricted performance units and disposed of shares to satisfy tax withholding obligations on February 14, 2025.
Summary
- On February 14, 2025, Darrell L. Ford, the Chief Human Resources Officer of United Parcel Service (UPS), exercised 4,866 restricted performance units (RPUs) that converted into Class A Common Stock.
- Ford also disposed of 2,225 shares of Class A Common Stock at a price of $126.10 to cover tax obligations related to the RPU exercise.
- Following these transactions, Ford directly owns 22,441.9826 shares of UPS Class A Common Stock, which includes 103.1236 shares held in a 401(k) account.
- After the transaction, Ford owns zero derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments and tax obligations of a company executive.
- The disclosure provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Certification of financial results by the Compensation and Human Capital Committee of the Board. |
| 02/14/2025 | Date of transaction: exercise of restricted performance units and disposal of shares. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
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