GERALD LADERMAN - 28 Feb 2023 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP and CFO
Signature
/s/ Sarah Hagy for Gerald Laderman
Issuer symbol
UAL
Transactions as of
28 Feb 2023
Net transactions value
-$579,614
Form type
4
Filing time
02 Mar 2023, 16:34:30 UTC
Previous filing
06 Feb 2023
Next filing
06 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +14,523 +12% $0.000000 135,240 28 Feb 2023 Direct F1, F2
transaction UAL Common Stock Options Exercise $0 +7,810 +5.8% $0.000000 143,050 28 Feb 2023 Direct F1, F3
transaction UAL Common Stock Options Exercise $0 +5,809 +4.1% $0.000000 148,859 28 Feb 2023 Direct F1, F4
transaction UAL Common Stock Tax liability $579,614 -11,155 -7.5% $51.96 137,704 28 Feb 2023 Direct F5

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 -14,523 -33% $0.000000 29,046 28 Feb 2023 Common Stock 14,523 Direct F1, F2, F6
transaction UAL Restricted Stock Units Options Exercise $0 -7,810 -100% $0.000000* 0 28 Feb 2023 Common Stock 7,810 Direct F1, F3, F6
transaction UAL Restricted Stock Units Options Exercise $0 -5,809 -100% $0.000000* 0 28 Feb 2023 Common Stock 5,809 Direct F1, F4, F6
* 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 March 7, 2022 and vest in 1/3 annual increments on February 28, 2023, February 28, 2024 and February 28, 2025.
F3 The RSUs were granted on March 1, 2021 and vest in four installments on August 31, 2021, February 28, 2022, August 31, 2022 and on February 28, 2023.
F4 The RSUs were on granted on February 21, 2020 and vest in 1/3 annual installments on February 28, 2021, 2022 and 2023.
F5 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above.
F6 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.