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UPS Partners
Grade 20 Bonus
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<blockquote data-quote="Black_6_Leader" data-source="post: 179920" data-attributes="member: 9413"><p>The payout of the <em>Long-Term Incentive Performance Award Program</em> (LTIP) (or as you call it, the "Grade 20 Bonus)) has been detailed in the UPS Proxy statement (SEC form 14A) filed with the SEC on March 19th . . . on page 24 it states:</p><p style="margin-left: 20px"><em>"At their meeting on February 7, 2007, the Compensation Committee determined that 85 percent of the target award for the 2006 tranche was earned."</em></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">"<em>During 2006, a total of 623 employees received a target grant of approximately 1.18 million RSUs." </em></p> <p style="margin-left: 20px"></p><p><strong><em><u>Do the math here . . .With each RSU convertable to one Class A share at the end of three years, that represents on average 1,894 RSUs / Class A shares for each grade 20 . </u></em></strong></p><p><strong><em><u>Convert that to cash at a $70.00 price per share, and that is an average value of $132,584 for each of the 623 participants ~ or $82.6 million in total!! And that was at 85% to plan!</u></em></strong></p></blockquote><p></p>
[QUOTE="Black_6_Leader, post: 179920, member: 9413"] The payout of the [I]Long-Term Incentive Performance Award Program[/I] (LTIP) (or as you call it, the "Grade 20 Bonus)) has been detailed in the UPS Proxy statement (SEC form 14A) filed with the SEC on March 19th . . . on page 24 it states: [INDENT][I]"At their meeting on February 7, 2007, the Compensation Committee determined that 85 percent of the target award for the 2006 tranche was earned."[/I] "[I]During 2006, a total of 623 employees received a target grant of approximately 1.18 million RSUs." [/I] [/INDENT] [B][I][U]Do the math here . . .With each RSU convertable to one Class A share at the end of three years, that represents on average 1,894 RSUs / Class A shares for each grade 20 . [/U][/I][/B] [B][I][U]Convert that to cash at a $70.00 price per share, and that is an average value of $132,584 for each of the 623 participants ~ or $82.6 million in total!! And that was at 85% to plan![/U][/I][/B] [/QUOTE]
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