Andrew P. Nocella - Aug 31, 2022 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Commercial Officer
Signature
/s/ Sarah Hagy for Andrew P. Nocella
Stock symbol
UAL
Transactions as of
Aug 31, 2022
Transactions value $
-$103,595
Form type
4
Date filed
9/2/2022, 04:27 PM
Previous filing
Mar 9, 2022
Next filing
Feb 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +6.71K +12.64% $0.00 59.8K Aug 31, 2022 Direct F1, F2
transaction UAL Common Stock Tax liability -$104K -2.96K -4.95% $35.01 56.8K Aug 31, 2022 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 Options Exercise $0 -6.71K -50% $0.00 6.71K Aug 31, 2022 Common Stock 6.71K Direct F1, F2, F4, F5
* 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 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.
F5 The amount of securities beneficially owned reflects a correction to reduce the total RSUs granted by 1 unit, which was subtracted from the RSUs vesting on February 28, 2023.