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

Role
EVP HR and Labor Relations
Signature
/s/ Sarah Hagy for Kate Gebo
Issuer symbol
UAL
Transactions as of
28 Feb 2023
Net transactions value
-$688,782
Form type
4
Filing time
02 Mar 2023, 16:37:09 UTC
Previous filing
06 Feb 2023
Next filing
01 Mar 2024
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 +14,022 +19% $0.000000 86,578 28 Feb 2023 Direct F1, F2, F3
transaction UAL Common Stock Options Exercise $0 +5,605 +6.5% $0.000000 92,183 28 Feb 2023 Direct F1, F3, F4
transaction UAL Common Stock Options Exercise $0 +5,609 +6.1% $0.000000 97,792 28 Feb 2023 Direct F1, F3, F5
transaction UAL Common Stock Tax liability $580,601 -11,174 -11% $51.96 86,618 28 Feb 2023 Direct F3, F6
transaction UAL Common Stock Options Exercise $0 +2,471 +7.6% $0.000000 34,979 28 Feb 2023 See Footnote F1, F2, F7, F8
transaction UAL Common Stock Options Exercise $0 +1,809 +5.2% $0.000000 36,788 28 Feb 2023 See Footnote F1, F7, F8, F9
transaction UAL Common Stock Options Exercise $0 +2,841 +7.7% $0.000000 39,629 28 Feb 2023 See Footnote F1, F7, F8, F10
transaction UAL Common Stock Tax liability $108,181 -2,082 -5.3% $51.96 37,547 28 Feb 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 -14,022 -33% $0.000000 28,045 28 Feb 2023 Common Stock 14,022 Direct F1, F2, F12
transaction UAL Restricted Stock Units Options Exercise $0 -5,605 -100% $0.000000* 0 28 Feb 2023 Common Stock 5,605 Direct F1, F4, F12
transaction UAL Restricted Stock Units Options Exercise $0 -5,609 -100% $0.000000* 0 28 Feb 2023 Common Stock 5,609 Direct F1, F5, F12
transaction UAL Restricted Stock Units Options Exercise $0 -2,471 -33% $0.000000 4,943 28 Feb 2023 Common Stock 2,471 See Footnote F1, F2, F7, F12
transaction UAL Restricted Stock Units Options Exercise $0 -1,809 -100% $0.000000* 0 28 Feb 2023 Common Stock 1,809 See Footnote F1, F7, F9, F12
transaction UAL Restricted Stock Units Options Exercise $0 -2,841 -100% $0.000000* 0 28 Feb 2023 Common Stock 2,841 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.