Proxy Vote Update: United Parcel Service, Inc.

Below are the resources for and the results of our recent Proxy Vote on behalf of our clients:

Proxy Materials:

- Proxy Statement

rF Voting Results:

1a. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners

and until their respective successors are elected and qualified: Rodney Adkins – FOR

1b. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Eva Boratto – FOR

1c. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Kevin Clark – FOR

1d. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Wayne Hewet – FOR

1e. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Angela Hwang – FOR

1f. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Kate Johnson – FOR

1g. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: William Johnson – FOR

1h. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Franck Moison – FOR

1i. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Christiana Smith Shi – FOR

1j. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Russell Stokes – FOR

1k. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Carol Tomé – AGAINST

1l. Election of Director to hold office until UPS’s 2026 Annual Meeting of shareowners
and until their respective successors are elected and qualified: Kevin Warsh – FOR

2. To approve on an advisory basis named executive officer compensation – FOR

3. To ratify the appointment of Deloitte & Touche LLP as UPS’s independent
registered public accounting firm for the year ending December 31, 2025. – FOR

4. To take steps to reduce the voting power of UPS class A stock from 10 votes per
share to one vote per share. – AGAINST

5. To prepare a report on the risks arising from voluntary carbon-reduction
commitments. – AGAINST

Disclosures

This article was written for information purposes only and its content should not be construed by any consumer and/or prospective client as rebel Financial’s solicitation to affect, or attempt to affect transactions in securities, or the rendering of personalized investment advice for compensation. No client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from rebel Financial, or from any other investment professional. See our disclosures page for more information.

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Phil Ratcliff

Phil Ratcliff, President of rebel Financial, is a senior financial advisor that holds an AIF®, CFP®, ChFC®, and CLU® certifications. He started his career at American Express Financial Advisors in 2003, then moved to AXA Advisors for 7 years before founding rebel Financial LLC in 2013.

Proxy Vote Update: United Parcel Service, Inc.

Phil Ratcliff

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