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United Airlines (UAL) director defers 2026 fees into 292 share units

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

Rhea-AI Filing Summary

United Airlines Holdings director Walter Isaacson received additional equity-based compensation. He was granted 292.210 share units as part of his 2026 quarterly retainer fees, which he 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 he separates from board service. Following this grant, Isaacson holds a total of 22,569.030 share units directly.

Positive

  • None.

Negative

  • None.
Insider ISAACSON WALTER
Role Director
Type Security Shares Price Value
Grant/Award Share Units 292.21 $0.00 --
Holdings After Transaction: Share Units — 22,569.03 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 292.210 share units 2026 quarterly director retainer deferred into equity
Total share units after grant 22,569.030 share units Director’s direct holdings following the reported transaction
Conversion ratio 1-for-1 into common stock Share units convert to United Airlines common shares
Grant price $0.0000 per unit Equity award representing deferred fees, no cash paid
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 into a share account financial
"elected to defer into a share account pursuant to the terms of the Company's 2006 Director Equity Incentive Plan"
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 →

FAQ

What insider transaction did UAL director Walter Isaacson report?
Walter Isaacson reported an acquisition of 292.210 share units as part of his 2026 director retainer. The units were granted at no cash cost and represent deferred equity compensation under United Airlines’ Director Equity Incentive Plan.

Is Walter Isaacson’s Form 4 transaction in UAL a market purchase or sale?
The Form 4 shows a grant of share units, not a market trade. The 292.210 units reflect deferred director fees, awarded as equity-based compensation rather than an open-market purchase or sale of United Airlines common stock.

How many United Airlines share units does Walter Isaacson hold after this filing?
After this award, Walter Isaacson holds 22,569.030 share units directly. These units are tied to United Airlines common stock and will eventually be settled in shares when he leaves board service, according to the plan’s terms.

How do Walter Isaacson’s UAL share units convert into common stock?
Each share unit converts into one share of United Airlines common stock. The units will be settled in stock after Isaacson’s separation from service, following the company’s Director Equity Incentive Plan, giving him equity exposure until that time.

What is the source of the 292.210 UAL share units reported in the Form 4?
The 292.210 share units represent 2026 quarterly retainer fees that Isaacson elected to defer. Instead of receiving cash, he accrued share units in a deferred account under the Director Equity Incentive Plan, aligning his compensation with shareholder interests.
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*
ISAACSON WALTER
(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)06/30/2026A292.21(2) (3) (3)Common Stock292.21$022,569.03D
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 Walter Isaacson07/02/2026
** 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