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United Airlines (NASDAQ: UAL) director defers 2026 fees into 283 share units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

United Airlines Holdings director Laysha Ward reported receiving a grant of 283.07 share units as part of 2026 quarterly retainer fees. These fees were deferred into a share account under the company’s 2006 Director Equity Incentive Plan.

The share units convert into common stock on a 1-for-1 basis and will be settled in stock after Ward’s separation from board service, in line with the plan’s terms. Following this grant, Ward now holds a total of 10,714.65 share units directly.

Positive

  • None.

Negative

  • None.
Insider Ward Laysha
Role Director
Type Security Shares Price Value
Grant/Award Share Units 283.07 $0.00 --
Holdings After Transaction: Share Units — 10,714.65 shares (Direct)
Footnotes (1)
  1. The share units convert to shares of common stock on a 1-for-1 basis. Represents 2026 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP"). The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.
Share units granted 283.07 share units 2026 quarterly retainer fees deferred into equity
Total share units after grant 10,714.65 share units Holdings following reported transaction
Conversion ratio 1-for-1 into common stock Share units convert to United Airlines common stock
Transaction code A (grant/award acquisition) Compensation-related acquisition of derivative share units
Transaction price per unit $0.00 Compensation grant, not an open-market purchase
Share Units financial
"The share units convert to shares of common stock on a 1-for-1 basis."
2006 Director Equity Incentive Plan financial
"pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP")."
defer financial
"Retainer fees that the Reporting Person elected to defer into a share account"
separation from service financial
"will be settled in common stock following the Reporting Person's separation from service"

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FAQ

What insider transaction did Laysha Ward report at United Airlines (UAL)?
Director Laysha Ward reported acquiring 283.07 share units as compensation. The grant reflects deferred 2026 quarterly retainer fees, credited into a share account rather than paid in cash under the company’s director equity incentive plan.

How many United Airlines share units does Laysha Ward hold after this Form 4?
After this grant, Laysha Ward holds 10,714.65 share units directly. This total includes the newly credited 283.07 share units from deferred 2026 director retainer fees under United Airlines’ 2006 Director Equity Incentive Plan.

What are United Airlines share units and how do they convert into stock?
The reported share units convert to United Airlines common stock on a 1-for-1 basis. Each share unit will be exchanged for one share of common stock when settled, providing stock-based compensation instead of immediate cash payments to the director.

When will Laysha Ward’s United Airlines share units be settled into common stock?
The share units will be settled in common stock after Laysha Ward’s separation from service as a director. Settlement timing follows the terms of United Airlines’ Director Equity Incentive Plan, which governs when deferred units are converted and delivered.

Why were Laysha Ward’s United Airlines director fees deferred into share units?
The Form 4 notes that 2026 quarterly retainer fees were voluntarily deferred into a share account. Under the 2006 Director Equity Incentive Plan, directors can elect to receive retainer compensation as share units instead of cash, aligning pay with company equity.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ward Laysha
(Last)(First)(Middle)
P. O. BOX 66100 HDQLD
(Street)
CHICAGO ILLINOIS 60666
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
United Airlines Holdings, Inc. [ UAL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Share Units(1)06/30/2026A283.07(2) (3) (3)Common Stock283.07$010,714.65D
Explanation of Responses:
1. The share units convert to shares of common stock on a 1-for-1 basis.
2. Represents 2026 quarterly retainer fees that the Reporting Person elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan ("DEIP").
3. The share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the DEIP.
Remarks:
/s/ James Cotton for Laysha Ward07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR