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

Role
EVP HR and Labor Relations
Signature
/s/ Sarah Hagy for Kate Gebo
Stock symbol
UAL
Transactions as of
Feb 28, 2023
Transactions value $
-$688,782
Form type
4
Date filed
3/2/2023, 04:37 PM
Previous filing
Feb 6, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +14K +19.33% $0.00 86.6K Feb 28, 2023 Direct F1, F2, F3
transaction UAL Common Stock Options Exercise $0 +5.61K +6.47% $0.00 92.2K Feb 28, 2023 Direct F1, F3, F4
transaction UAL Common Stock Options Exercise $0 +5.61K +6.08% $0.00 97.8K Feb 28, 2023 Direct F1, F3, F5
transaction UAL Common Stock Tax liability -$581K -11.2K -11.43% $51.96 86.6K Feb 28, 2023 Direct F3, F6
transaction UAL Common Stock Options Exercise $0 +2.47K +7.6% $0.00 35K Feb 28, 2023 See Footnote F1, F2, F7, F8
transaction UAL Common Stock Options Exercise $0 +1.81K +5.17% $0.00 36.8K Feb 28, 2023 See Footnote F1, F7, F8, F9
transaction UAL Common Stock Options Exercise $0 +2.84K +7.72% $0.00 39.6K Feb 28, 2023 See Footnote F1, F7, F8, F10
transaction UAL Common Stock Tax liability -$108K -2.08K -5.25% $51.96 37.5K Feb 28, 2023 See Footnote F7, F8, F11

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 -14K -33.33% $0.00 28K Feb 28, 2023 Common Stock 14K Direct F1, F2, F12
transaction UAL Restricted Stock Units Options Exercise $0 -5.61K -100% $0.00* 0 Feb 28, 2023 Common Stock 5.61K Direct F1, F4, F12
transaction UAL Restricted Stock Units Options Exercise $0 -5.61K -100% $0.00* 0 Feb 28, 2023 Common Stock 5.61K Direct F1, F5, F12
transaction UAL Restricted Stock Units Options Exercise $0 -2.47K -33.33% $0.00 4.94K Feb 28, 2023 Common Stock 2.47K See Footnote F1, F2, F7, F12
transaction UAL Restricted Stock Units Options Exercise $0 -1.81K -100% $0.00* 0 Feb 28, 2023 Common Stock 1.81K See Footnote F1, F7, F9, F12
transaction UAL Restricted Stock Units Options Exercise $0 -2.84K -100% $0.00* 0 Feb 28, 2023 Common Stock 2.84K See Footnote F1, F7, F10, F12
* 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 installments on February 28, 2023, 2024 and 2025.
F3 Includes 5,374 shares held in a revocable trust in the name of the reporting person.
F4 The RSUs were granted on March 1, 2021 and vest in four installments on August 31, 2021, February 28, 2022, August 31, 2022 and February 28, 2023.
F5 The RSUs were granted on February 21, 2020 and vest in 1/3 annual installments on February 28, 2021, 2022 and 2023.
F6 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 and 5, above, by the reporting person.
F7 By spouse of the reporting person.
F8 Includes 6,765 shares held in a revocable trust in the name of the spouse of the reporting person.
F9 The RSUs were granted on March 1, 2021 and May 25, 2021 and vest in four installments on August 31, 2021, February 28, 2022, August 31, 2022 and February 28, 2023.
F10 The RSUs were granted on February 21, 2020 and May 4, 2020 and vest in 1/3 annual installments on February 28, 2021, 2022 and 2023.
F11 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2, 9 and 10, above, by spouse of the reporting person.
F12 Each RSU represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.