James A. C. Kennedy - May 26, 2022 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
Director
Signature
/s/ Sarah Hagy for James A.C. Kennedy
Stock symbol
UAL
Transactions as of
May 26, 2022
Transactions value $
-$68,999
Form type
4
Date filed
5/31/2022, 07:23 PM
Previous filing
May 3, 2022
Next filing
Sep 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise +2.9K 16 May 27, 2022 Direct F1
transaction UAL Common Stock Disposed to Issuer -$69K -1.45K -9.05% $47.52 14.6K May 27, 2022 Direct

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 Share Units Options Exercise -2.9K -100% 0 May 27, 2022 Common Stock 2.9K Direct F1
transaction UAL Share Units Award $0 +3.77K $0.00 3.77K May 26, 2022 Common Stock 3.77K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share unit was the economic equivalent of one share of common stock. Upon vesting, the share units were settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.
F2 Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.
F3 Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.