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United Parcel Service, Inc.

Ticker: UPS

Meeting date: 13/05/2021

Meeting type: Annual

Proposal Mgt rec Vote
Management proposals
1a Proposal Elect Director Carol B. Tome Mgt rec For Vote For
1b Proposal Elect Director Rodney C. Adkins Mgt rec For Vote For
1c Proposal Elect Director Eva C. Boratto Mgt rec For Vote For
1d Proposal Elect Director Michael J. Burns Mgt rec For Vote For
1e Proposal Elect Director Wayne M. Hewett Mgt rec For Vote For
1f Proposal Elect Director Angela Hwang Mgt rec For Vote For
1g Proposal Elect Director Kate E. Johnson Mgt rec For Vote For
1h Proposal Elect Director William R. Johnson Mgt rec For Vote For
1i Proposal Elect Director Ann M. Livermore Mgt rec For Vote For
1j Proposal Elect Director Franck J. Moison Mgt rec For Vote For
1k Proposal Elect Director Christiana Smith Shi Mgt rec For Vote For
1l Proposal Elect Director Russell Stokes Mgt rec For Vote For
1m Proposal Elect Director Kevin Warsh Mgt rec For Vote For
2 Proposal Advisory Vote to Ratify Named Executive Officers' Compensation Mgt rec For Vote For
3 Proposal Approve Omnibus Stock Plan Mgt rec For Vote For
4 Proposal Ratify Deloitte & Touche LLP as Auditors Mgt rec For Vote For
Shareholder proposals
5 Proposal Report on Lobbying Payments and Policy Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Mgt rec Against Vote For
6 Proposal Approve Recapitalization Plan for all Stock to Have One-vote per Share Vote rationale: All shareholders should have the right to vote on fundamental corporate decisions, and voting rights should be proportionate to cash flow rights. Any unequal voting rights should be time-limited and aligned with cash flow rights over time. Global Voting Guidelines Multiple share classes Mgt rec Against Vote For
7 Proposal Report on Climate Change Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Mgt rec Against Vote For
8 Proposal Amend Certificate of Incorporation to Become a Public Benefit Corporation Mgt rec Against Vote Against
9 Proposal Publish Annually a Report Assessing Diversity and Inclusion Efforts Vote rationale: The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products. Sustainability disclosures should be aligned with applicable global reporting standards and frameworks to support investors in their analysis of risks and opportunities. Where a company’s disclosure does not meet our needs as a financial investor, we will consider supporting a well-founded shareholder proposal calling for reasonable disclosure. We will not support a shareholder proposal that appears to impose a strategy or prescribe detailed methods, unrealistic timeframes or targets for implementation. Global Voting Guidelines Corporate sustainability reporting Mgt rec Against Vote For

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