Kate Gebo - 31 Aug 2022 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 2022
Net transactions value
-$114,098
Form type
4
Filing time
02 Sep 2022, 16:28:10 UTC
Previous filing
09 Mar 2022
Next filing
06 Feb 2023
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 +9.6% $0.000000 63,757 31 Aug 2022 Direct F1, F2
transaction UAL Common Stock Tax liability $86,475 -2,470 -3.9% $35.01 61,287 31 Aug 2022 Direct F3, F4
transaction UAL Common Stock Options Exercise $0 +1,523 +5.2% $0.000000 31,085 31 Aug 2022 See Footnote F1, F2, F5
transaction UAL Common Stock Options Exercise $0 +286 +0.92% $0.000000 31,371 31 Aug 2022 See Footnote F1, F5, F6
transaction UAL Common Stock Tax liability $27,623 -789 -2.5% $35.01 30,582 31 Aug 2022 See Footnote F5, F7, F8

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 -50% $0.000000 5,605 31 Aug 2022 Common Stock 5,606 Direct F1, F2, F9, F10
transaction UAL Restricted Stock Units Options Exercise $0 -1,523 -50% $0.000000 1,523 31 Aug 2022 Common Stock 1,523 See Footnote F1, F2, F5, F9, F10
transaction UAL Restricted Stock Units Options Exercise $0 -286 -50% $0.000000 286 31 Aug 2022 Common Stock 286 See Footnote F1, F5, F6, F9
* 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 with respect to the reporting person or, as applicable, the spouse of the reporting person. See footnote 5.
F4 Includes 5,374 shares held in a revocable trust in the name of the reporting person.
F5 By spouse of the reporting person.
F6 The RSUs were granted on May 25, 2021 and vest in four installments on August 31, 2021, February 28, 2022, August 31, 2022 and February 28, 2023.
F7 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU award referenced in footnotes 2 and 6, above, with respect to the reporting person or, as applicable, the spouse of the reporting person. See footnote 5.
F8 Includes 6,765 shares held in a revocable trust in the name of the spouse of the reporting person.
F9 Each restricted stock unit ("RSU") represents the economic equivalent of one share of UAL common stock and shall be settled in shares of UAL common stock upon vesting.
F10 The amount of securities beneficially owned reflects a correction to reduce the total RSUs granted by 1 RSU, which was subtracted from the RSUs vesting on February 28, 2023.