J. Scott Kirby - Feb 2, 2023 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
Chief Executive Officer, Director
Signature
/s/ Sarah Hagy for J. Scott Kirby
Stock symbol
UAL
Transactions as of
Feb 2, 2023
Transactions value $
-$998,912
Form type
4
Date filed
2/6/2023, 05:20 PM
Previous filing
Sep 2, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Award $0 +48.5K +15.49% $0.00 361K Feb 2, 2023 Direct F1
transaction UAL Common Stock Tax liability -$999K -19.1K -5.29% $52.31 342K Feb 2, 2023 Direct F2
holding UAL Common Stock 5K Feb 2, 2023 See Footnote F3
holding UAL Common Stock 8K Feb 2, 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person in 2020.
F2 This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above.
F3 Represents shares held in a trust for the benefit of Mr. Kirby's children and other relatives in which Mr. Kirby serves as the trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report is not an admission that the reporting person is the beneficial owner of all the reported shares for purposes of Section 16 or for any other purpose.
F4 Represents shares held in a trust for the benefit of Mr. Kirby's children in which Mr. Kirby's brother serves as the trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.