Kate Gebo - 31 Aug 2021 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
31 Aug 2021
Net transactions value
-$145,902
Form type
4
Filing time
02 Sep 2021, 18:24:34 UTC
Previous filing
02 Mar 2022
Next filing
11 Feb 2022
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 +5,606 +30% $0.000000 24,164 31 Aug 2021 Direct F1, F2
transaction UAL Common Stock Tax liability $115,019 -2,473 -10% $46.51 21,691 31 Aug 2021 Direct F3, F4
transaction UAL Common Stock Options Exercise $0 +1,523 +13% $0.000000 13,446 31 Aug 2021 See Footnote F1, F2, F6
transaction UAL Common Stock Tax liability $30,883 -664 -4.9% $46.51 12,782 31 Aug 2021 See Footnotes F3, F6, 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 -5,606 -25% $0.000000 16,818 31 Aug 2021 Common Stock 5,606 Direct F1, F2, F5
transaction UAL Restricted Stock Units Options Exercise $0 -1,523 -25% $0.000000 4,574 31 Aug 2021 Common Stock 1,523 See Footnote F1, F2, F5, 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 March 1, 2021 and vest in four installments on August 31, 2021, February 28, 2022, August 31, 2022 and February 28, 2023.
F3 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnote 2 above with respect to the reporting person or, as applicable, the spouse of the reporting person. See footnote 6.
F4 Includes 5,374 shares held in a revocable trust in the name of the reporting person.
F5 Each RSU represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.
F6 By spouse of the reporting person.
F7 Includes 6,765 shares held in a revocable trust in the name of the spouse of the reporting person.