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

Role
Chief Executive Officer, Director
Signature
/s/ James Cotton for J. Scott Kirby
Issuer symbol
UAL
Transactions as of
28 Feb 2024
Net transactions value
-$1,663,550
Form type
4
Filing time
01 Mar 2024, 19:12:56 UTC
Previous filing
17 Nov 2023
Next filing
17 May 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 +49,561 +12% 467,447 28 Feb 2024 Direct F1, F2, F3
transaction UAL Common Stock Options Exercise +53,419 +11% 520,866 28 Feb 2024 Direct F1, F3, F4
transaction UAL Common Stock Tax liability $1,663,550 -37,166 -7.1% $44.76 483,700 28 Feb 2024 Direct F5
holding UAL Common Stock 5,000 28 Feb 2024 See Footnote F6
holding UAL Common Stock 8,000 28 Feb 2024 See Footnote F7

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 -49,561 -33% $0.000000 99,122 28 Feb 2024 Common Stock 49,561 Direct F1, F2, F3
transaction UAL Restricted Stock Units Options Exercise $0 -53,419 -50% $0.000000 53,419 28 Feb 2024 Common Stock 53,419 Direct F1, F3, F4
transaction UAL Restricted Stock Units Award $0 +151,681 $0.000000 151,681 29 Feb 2024 Common Stock 151,681 Direct F3, F8
* 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 Represents shares held in a trust for the benefit of Mr. Kirby's children and other relatives in which Mr. Kirby serves as the trustee. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report is not an admission that the reporting person is the beneficial owner of all the reported shares for purposes of Section 16 or for any other purpose.
F7 Represents shares held in a trust for the benefit of Mr. Kirby's children in which Mr. Kirby's brother serves as the trustee. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F8 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