Form 4: UPS Executive Kathleen M. Gutmann Reports Stock Transactions
SEC Form 4 Filing
Kathleen M. Gutmann, a Pres Intl, Healthcare and SCS at United Parcel Service Inc, reports the vesting and conversion of Restricted Stock Units and associated tax withholding.
Summary
- On March 25, 2024, Kathleen M. Gutmann, a Pres Intl, Healthcare and SCS at United Parcel Service Inc [UPS], reported transactions involving Class A Common Stock.
- Gutmann converted 591.2858 Restricted Stock Units (RSUs) into Class A Common Stock at a price of $0.00.
- Simultaneously, 292.868 shares were disposed of to cover tax obligations at a price of $156.57 per share.
- Following these transactions, Gutmann beneficially owns 94,762.4843 shares of Class A Common Stock, including 2,414.1521 shares in a 401(k) account.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of the reported transactions: conversion of Restricted Stock Units and tax withholding. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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