Andrew P. Nocella - 21 Feb 2024 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Commercial Officer
Signature
/s/ James Cotton for Andrew P. Nocella
Issuer symbol
UAL
Transactions as of
21 Feb 2024
Net transactions value
-$116,512
Form type
4
Filing time
23 Feb 2024, 17:21:58 UTC
Previous filing
06 Apr 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 +8,546 +9.8% $0.000000 96,060 21 Feb 2024 Direct F1, F2
transaction UAL Common Stock Tax liability $116,512 -2,645 -2.8% $44.05 93,415 21 Feb 2024 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 -8,546 -50% $0.000000 8,546 21 Feb 2024 Common Stock 8,546 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.

Remarks:

Exhibit List: Exhibit 24 - Authorization and Designation