Form 4: UPS Executive Nando Cesarone Reports Acquisition of Restricted Performance Units
SEC Form 4 Filing
Nando Cesarone, President of US Operations at United Parcel Service, reports the acquisition of 6,912 restricted performance units convertible to Class A common stock.
Summary
- On February 5, 2025, Nando Cesarone, President of US Operations at United Parcel Service (UPS), acquired 6,912 restricted performance units.
- These units were awarded under the company's Long Term Incentive Compensation Program following the completion of the performance period.
- Each unit automatically converts into one share of Class A common stock.
- Following the transaction, Cesarone directly owns 6,912 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding an executive's compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages. It provides transparency into the holdings of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of transaction: Nando Cesarone acquired restricted performance units. |
| 02/07/2025 | Date of signature: Michael Hanson, Power of Attorney, signed the form. |
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