Jonathan Roitman - Sep 14, 2021 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & COO
Signature
/s/ Sarah Hagy for Jonathan Roitman
Stock symbol
UAL
Transactions as of
Sep 14, 2021
Transactions value $
-$192,856
Form type
4
Date filed
9/16/2021, 06:30 PM
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Sale -$165K -3.76K -100% $43.94 0 Sep 14, 2021 Direct
transaction UAL Common Stock Options Exercise $0 +1.42K $0.00 1.42K Sep 14, 2021 Direct F1, F2
transaction UAL Common Stock Tax liability -$27.6K -630 -44.43% $43.87 788 Sep 14, 2021 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 Award $0 +5.68K $0.00 5.68K Sep 14, 2021 Common Stock 5.68K Direct F2, F4
transaction UAL Restricted Stock Units Disposed to Issuer $0 -1.42K -24.99% $0.00 4.26K Sep 14, 2021 Common Stock 1.42K Direct 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 September 14, 2021 and vest in four installments of 1,418 RSUs on September 14, 2021, 1,419 RSUs on February 28, 2022, 1,419 RSUs on August 31, 2022, and 1,419 RSUs on February 28, 2023.
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 is settled in shares of UAL common stock upon vesting.