Andrew P. Nocella - Feb 21, 2023 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Commercial Officer
Signature
/s/ Sarah Hagy for Andrew P. Nocella
Stock symbol
UAL
Transactions as of
Feb 21, 2023
Transactions value $
-$182,148
Form type
4
Date filed
2/23/2023, 04:29 PM
Previous filing
Feb 6, 2023
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +8.55K +12.55% $0.00 76.6K Feb 21, 2023 Direct F1, F2
transaction UAL Common Stock Tax liability -$182K -3.78K -4.93% $48.20 72.8K Feb 21, 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UAL Restricted Stock Units Options Exercise $0 -8.55K -33.33% $0.00 17.1K Feb 21, 2023 Common Stock 8.55K Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.
F2 The RSUs were granted on February 21, 2020 and vest in three installments of 8,546 RSUs on February 21, 2023, 8,546 RSUs on February 21, 2024 and 8,546 RSUs on February 21, 2025.
F3 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU award referenced in footnote 2, above.
F4 Each RSU represents the economic equivalent of one share of UAL common stock and shall be settled in shares of UAL common stock upon vesting.