United Airlines exec granted 23,012 RSUs

Nocella Andrew P reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Nocella Andrew P reported acquisition or exercise transactions in this Form 4 filing.

United Airlines Holdings executive receives new stock-based award. EVP & Chief Commercial Officer Andrew P. Nocella was granted 23,012 restricted stock units (RSUs), each equal to one share of UAL common stock upon vesting. The RSUs vest in three substantially equal annual installments on February 28, 2027, February 28, 2028 and February 28, 2029.

Insider Trade Summary

Grant/Award: 23,012 shares

Grant/Award 1 txn

Insider Nocella Andrew P

Role EVP & Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	23,012	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 23,012 contracts (Direct)

Footnotes (2)

1. F1. 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.
2. F2. The RSUs vest in one-third (1/3) substantially equal annual installments on February 28, 2027, February 28, 2028 and February 28, 2029.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did UAL executive Andrew Nocella report on Form 4?

Andrew P. Nocella reported receiving a grant of 23,012 restricted stock units from United Airlines Holdings. Each RSU represents the economic equivalent of one UAL common share and will settle in stock when the units vest over future years.

How many restricted stock units did the UAL EVP & Chief Commercial Officer receive?

The EVP & Chief Commercial Officer, Andrew P. Nocella, received 23,012 restricted stock units. These RSUs are a form of equity compensation that convert into the same number of United Airlines Holdings common shares when they vest according to the disclosed schedule.

When do Andrew Nocella’s 23,012 UAL restricted stock units vest?

The 23,012 restricted stock units vest in three substantially equal annual installments. The vesting dates are February 28, 2027, February 28, 2028, and February 28, 2029, spreading the equity compensation over a three-year period tied to continued service.

What does each United Airlines RSU granted to Andrew Nocella represent?

Each restricted stock unit granted to Andrew Nocella represents the economic equivalent of one share of United Airlines Holdings common stock. Upon vesting, the RSUs will be settled in actual UAL common shares, aligning a portion of his compensation with shareholder value.

Is Andrew Nocella’s UAL Form 4 transaction a purchase or an award?

Andrew Nocella’s Form 4 transaction is an award, not an open-market purchase. The filing describes the 23,012 restricted stock units as a grant categorized as a grant, award, or other acquisition rather than a cash transaction at a market price per share.

How does the UAL RSU grant affect Andrew Nocella’s reported derivative holdings?

Following the transaction, Andrew Nocella is reported as directly holding 23,012 restricted stock units. These derivative securities will convert into United Airlines common shares as they vest over time, increasing his potential future equity stake in the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/06/2026 - 06:19 PM EST 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
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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^*

Nocella Andrew P

(Last) (First) (Middle)

P. O. BOX 66100 HDQLD

(Street)

CHICAGO IL 60666

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
United Airlines Holdings, Inc. [ UAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Restricted Stock Units	(1)	03/04/2026		A		23,012		(2)	(2)	Common Stock	23,012	$0	23,012	D

Explanation of Responses:

1. 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.

2. The RSUs vest in one-third (1/3) substantially equal annual installments on February 28, 2027, February 28, 2028 and February 28, 2029.

Remarks:

	/s/ James Cotton for Andrew P. Nocella	03/06/2026
	** 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.
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