Torbjorn J. Enqvist - 28 Feb 2022 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Customer Officer
Signature
/s/ Sarah Hagy for Torbjorn J. Enqvist
Issuer symbol
UAL
Transactions as of
28 Feb 2022
Net transactions value
-$126,096
Form type
4
Filing time
02 Mar 2022, 17:51:01 UTC
Previous filing
11 Feb 2022
Next filing
09 Mar 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 +1,171 +4.9% $0.000000 24,866 28 Feb 2022 Direct F1, F2
transaction UAL Common Stock Options Exercise $0 +4,041 +16% $0.000000 28,907 28 Feb 2022 Direct F1, F3
transaction UAL Common Stock Options Exercise $0 +2,023 +7% $0.000000 30,930 28 Feb 2022 Direct F1, F4
transaction UAL Common Stock Tax liability $126,096 -2,840 -9.2% $44.40 28,090 28 Feb 2022 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 -1,171 -100% $0.000000* 0 28 Feb 2022 Common Stock 1,171 Direct F1, F2, F6
transaction UAL Restricted Stock Units Options Exercise $0 -4,041 -50% $0.000000 4,041 28 Feb 2022 Common Stock 4,041 Direct F1, F3, F6
transaction UAL Restricted Stock Units Options Exercise $0 -2,023 -33% $0.000000 4,049 28 Feb 2022 Common Stock 2,023 Direct F1, F4, 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 February 27, 2019 and vest in 1/3 annual installments on February 28, 2020, 2021 and 2022.
F3 The RSUs were on granted on February 21, 2020 and May 4, 2020 and vest in 1/3 annual installments on February 28, 2021, 2022 and 2023.
F4 The RSUs were granted on March 1, 2021 and vest in four installments on August 31, 2021, February 28, 2022, August 31, 2022 and on February 28, 2023.
F5 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2-4 above.
F6 Each RSU represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.