Kevin M. Warsh's Phantom Stock Units Transaction

On August 6, 2025, Kevin M. Warsh, a director of United Parcel Service Inc. (UPS), acquired 362.3188 phantom stock units. These units are equivalent to shares of UPS Class A common stock and were granted under the Deferred Compensation Plan. The transaction was coded as 'A', indicating an acquisition. Following this transaction, Warsh owns a total of 12,996.5466 phantom stock units, which include units credited from dividend payments on the underlying Class A common stock. Phantom stock units generally become payable in shares of Class A common stock or cash upon termination of service as a director.