United Airlines (UAL) director defers 2026 retainer into 127.84 share units

Rhea-AI Filing Summary

United Airlines Holdings director Rosalind G. Brewer reported receiving 127.84 share units as a grant or award. These units represent 2026 quarterly director retainer fees that she elected to defer into a share account under the company’s Director Equity Incentive Plan. The share units convert into common stock on a 1-for-1 basis and will be settled in stock after she separates from service. Following this award, she holds a total of 323.28 share units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BREWER ROSALIND G

Role null

Type	Security	Shares	Price	Value
Grant/Award	Share Units	127.84	$0.00	--

Holdings After Transaction: Share Units — 323.28 shares (Direct, null)

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.

Key Figures

Share units granted: 127.84 share units Total share units after transaction: 323.28 share units Conversion ratio: 1-for-1 into common stock +3 more

6 metrics

Share units granted 127.84 share units Grant/award acquisition on 2026-06-30

Total share units after transaction 323.28 share units Holdings following reported transaction

Conversion ratio 1-for-1 into common stock Share units convert to common stock

Transaction price per unit $0.00 per unit Compensation grant, not open-market purchase

Transaction code A (grant, award, or other acquisition) SEC Form 4 transaction code

Ownership type Direct Reported ownership of share units

Key Terms

Share Units, Director Equity Incentive Plan, defer, settled in common stock

4 terms

Share Units financial

"The share units convert to shares of common stock on a 1-for-1 basis."

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"

settled in common stock financial

"The share units will be settled in common stock following the Reporting Person's separation from service"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:01 PM Accepted by SEC EDGAR 07/02/2026 - 04:01 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

BREWER ROSALIND G

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Units	(1)	06/30/2026		A		127.84(2)		(3)	(3)	Common Stock	127.84	$0	323.28	D

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 Rosalind G. Brewer	07/02/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transaction did United Airlines (UAL) report for Rosalind G. Brewer?

United Airlines reported that director Rosalind G. Brewer acquired 127.84 share units. These units were granted as part of her 2026 quarterly retainer fees, which she chose to defer into a share account under the company’s Director Equity Incentive Plan.

How many share units does Rosalind G. Brewer hold after this UAL Form 4 filing?

After this transaction, Rosalind G. Brewer holds 323.28 share units. This total reflects the newly granted 127.84 share units added to her prior balance, all tied to her role as a director of United Airlines Holdings, Inc.

How do Rosalind G. Brewer’s UAL share units convert into common stock?

The share units convert into United Airlines common stock on a 1-for-1 basis. Each share unit represents one share of common stock, providing a direct link between the deferred director compensation and future equity ownership in the company.

When will Rosalind G. Brewer’s United Airlines share units be settled?

Rosalind G. Brewer’s share units will be settled in United Airlines common stock after her separation from service. Settlement timing is governed by the terms of the company’s Director Equity Incentive Plan, which covers these deferred fee arrangements.

What is the source of the 127.84 share units reported for UAL director Rosalind G. Brewer?

The 127.84 share units represent Brewer’s 2026 quarterly retainer fees deferred into a share account. This is done under United Airlines’ 2006 Director Equity Incentive Plan, allowing directors to receive their cash retainers in the form of deferred share units.