UPS (UPS) AGM 2026 summary

Opening remarks and agenda

• Meeting conducted virtually, recorded, and attended by board, executives, auditors, and Inspector of Election.

• Agenda included seven items: election of directors, executive compensation, incentive plan, auditor ratification, and three shareowner proposals.

Board and executive committee updates

• Kate Johnson recognized for five years of board service; not standing for reelection.

• Board is mostly independent, with a balanced mix of skills and recent refreshment; seven new directors since 2020.

• Board confident in current management and CEO, citing successful navigation of recent disruptions and ongoing strategic transformation.

Shareholder proposals

• Proposal to reduce Class A stock voting power to one vote per share was moved but not approved.

• Proposal for third-party evaluation of UPS's impact on marginalized communities presented, citing regulatory and reputational risks; not approved.

• Proposal for a report on aligning operations with carbon neutrality goals highlighted lagging progress and peer comparisons; not approved.