Form 4: Wayne Hewett, UPS Director, Reports Acquisition of Restricted Stock Units

Wayne M. Hewett, a director of United Parcel Service, Inc., reported the acquisition of 2,011 Restricted Stock Units (RSUs) convertible to Class A common stock.

Summary

• Wayne M. Hewett, a director at United Parcel Service Inc. (UPS), filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on May 8, 2025, where Hewett acquired 2,011 Restricted Stock Units (RSUs).
• These RSUs convert into shares of UPS Class A common stock on a one-for-one basis upon termination of service as a director.
• Following the reported transaction, Hewett beneficially owns 7,483.4839 derivative securities.
• The filing also includes a Power of Attorney, dated August 7, 2024, designating several individuals to act as Hewett's attorney-in-fact for SEC filings related to UPS securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Key Dates

Keywords

Form 4, Restricted Stock Units, RSUs, Director, Wayne Hewett, UPS, Securities, Beneficial Ownership