Torbjorn J. Enqvist - 28 Feb 2024 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Operations Officer
Signature
/s/ James Cotton for Torbjorn J. Enqvist
Issuer symbol
UAL
Transactions as of
28 Feb 2024
Transactions value $
-$211,849
Form type
4
Filing time
01 Mar 2024, 19:11:59 UTC
Previous filing
06 Apr 2023
Next filing
21 Oct 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 +14.1K +45.4% 45.2K 28 Feb 2024 Direct F1, F2, F3
transaction UAL Common Stock Options Exercise +4.49K +9.93% 49.7K 28 Feb 2024 Direct F1, F3, F4
transaction UAL Common Stock Tax liability -$212K -4.73K -9.53% $44.76 44.9K 28 Feb 2024 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 -14.1K -33.33% $0.00 28.2K 28 Feb 2024 Common Stock 14.1K Direct F1, F2, F3
transaction UAL Restricted Stock Units Options Exercise $0 -4.49K -50% $0.00 4.49K 28 Feb 2024 Common Stock 4.49K Direct F1, F3, F4
transaction UAL Restricted Stock Units Award $0 +43.5K $0.00 43.5K 29 Feb 2024 Common Stock 43.5K Direct F3, 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 April 4, 2023 and vest in 1/3 annual installments on February 28, 2024, February 28, 2025 and February 28, 2026.
F3 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.
F4 The RSUs were granted on March 7, 2022 and vest in 1/3 annual installments on February 28, 2023, February 28, 2024 and February 28, 2025.
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 and 4, above.
F6 The RSUs vest in one-third (1/3) substantially equal annual installments on February 28, 2025, February 28, 2026 and February 28, 2027.

Remarks:

Exhibit List: Exhibit 24 - Authorization and Designation.