MIP Factor

worldwide

Well-Known Member
What are everybody's guesses on the MIPS factor? Has your guess changed since the most recent announcement on 4th quarter earnings and 2015 guidance?
 

SignificantOwner

A Package Center Manager
Abney repeatedly stated how important we (people) are and we responded by doing everything asked of us throughout the year and during peak. I predict average.
 

COH_IE

Active Member
Closing price on Dec 1. Not sure what it was around 106 to 108 ish?
Actually, stock price used will be today's closing price.

Your salary on 12/1/14 is what is used for the calculation.

So if the factor is 70% & you make $5000/month with $10,000 in UPS Stock (not counting 401k holdings):

Performance Incentive Award = Annualized salary as of 12/1/14 ($60,000) x Your Performance Incentive Target (17% for a supervisor) x MIP factor (70%) = $7,140

Ownership Incentive Award = Value of Your UPS Holdings as of 12/31/14 ($10,000) x Your Ownership Incentive Target (3.50% for a supervisor supervisor) = $350

MIP Award = $7140 + $350 = $7490

Half will be awarded via your selection (cash, 401k, stock) & deposit on Fri 3/6 (minus taxes). The other half will vest 20% at a time over a five year period.
 

SignificantOwner

A Package Center Manager
Actually, stock price used will be today's closing price.

Your salary on 12/1/14 is what is used for the calculation.

So if the factor is 70% & you make $5000/month with $10,000 in UPS Stock (not counting 401k holdings):

Performance Incentive Award = Annualized salary as of 12/1/14 ($60,000) x Your Performance Incentive Target (17% for a supervisor) x MIP factor (70%) = $7,140

Ownership Incentive Award = Value of Your UPS Holdings as of 12/31/14 ($10,000) x Your Ownership Incentive Target (3.50% for a supervisor supervisor) = $350

MIP Award = $7140 + $350 = $7490

Half will be awarded via your selection (cash, 401k, stock) & deposit on Fri 3/6 (minus taxes). The other half will vest 20% at a time over a five year period.
Where is it documented that today's closing price is used?
 
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