United Airlines Holdings, Inc. (UAL) CFO gets stock grant, shares withheld

Rhea-AI Filing Summary

United Airlines Holdings, Inc. EVP & Chief Financial Officer Michael D. Leskinen received 17,837 shares of common stock on July 25, 2026 upon settlement of performance-based RSUs granted in 2024. To cover related tax obligations, 7,901 shares were withheld at $118.27 per share. An additional 1,500 shares are reported as indirectly held in an account owned by his mother under a power of attorney.

Insider Trade Summary

Net Buyer: 9,936 shares

Net Buy 3 txns

Insider Leskinen Michael D.

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	17,837	$0.00	$0.00
Tax Withholding	Common Stock F2	7,901	$118.27	$934K
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 57,436 shares (Direct); Common Stock — 1,500 shares (Indirect, See Footnote)

Footnotes (3)

1. F1. Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person in 2024.
2. F2. This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above.
3. F3. Represents shares held in an account by the reporting person's mother over which the reporting person holds a power of attorney.

Key Figures

Shares acquired via PB RSU settlement: 17837.0000 shares Shares withheld for taxes: 7901.0000 shares Tax withholding share price: 118.2700 per share +1 more

4 metrics

Shares acquired via PB RSU settlement 17837.0000 shares Common stock acquired July 25, 2026 upon settlement of 2024 performance-based RSUs

Shares withheld for taxes 7901.0000 shares Common stock withheld July 25, 2026 to satisfy tax obligations on PB RSU settlement

Tax withholding share price 118.2700 per share Per-share value applied to 7,901 withheld shares for tax purposes

Indirectly held shares 1500.0000 shares Shares held in mother’s account over which the reporting person holds a power of attorney

Key Terms

performance-based restricted stock units, PB RSUs, tax withholding obligations, power of attorney

4 terms

performance-based restricted stock units financial

"acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

PB RSUs financial

"PB RSUs) granted to the reporting person in 2024"

tax withholding obligations financial

"withholding of shares to pay tax withholding obligations associated with the settlement"

power of attorney other

"held in an account by the reporting person's mother over which the reporting person holds a power of attorney"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/28/2026 - 08:29 PM Accepted by SEC EDGAR 07/28/2026 - 08:28 PM Learn about SEC filing dates

FAQ

What stock award did UAL executive Michael Leskinen report receiving?

Michael D. Leskinen reported receiving 17,837 shares of United Airlines common stock on July 25, 2026. These shares were acquired upon settlement of performance-based restricted stock units granted to him in 2024, converting his prior PB RSU awards into actual stock.

How many UAL shares were withheld for Michael Leskinen’s tax obligations?

The Form 4 shows 7,901 shares of United Airlines common stock withheld at $118.27 per share. These shares were retained by the company to satisfy tax withholding obligations associated with the settlement of Leskinen’s 2024 PB RSU awards.

Was Michael Leskinen’s recent UAL Form 4 a buy or a sell?

The filing reports a grant/award acquisition of 17,837 shares and a tax-withholding disposition of 7,901 shares. It reflects equity compensation vesting and related tax withholding, rather than an open-market purchase or discretionary sale of United Airlines stock.

Does UAL CFO Michael Leskinen hold any United Airlines shares indirectly?

Yes. The Form 4 reports 1,500 shares of United Airlines common stock as indirectly held. These shares are in an account owned by his mother, over which Leskinen holds a power of attorney, and are therefore reported as indirect beneficial ownership.

What are the PB RSUs referenced in United Airlines CFO Michael Leskinen’s filing?

The PB RSUs are performance-based restricted stock units granted to Leskinen in 2024. On July 25, 2026, these awards settled into 17,837 shares of United Airlines common stock, triggering both the share acquisition and the related tax-withholding share disposition.

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^*

Leskinen Michael D.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2026

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
Common Stock	07/25/2026		A(1)		17,837	A	$0	65,337	D
Common Stock	07/25/2026		F(2)		7,901	D	$118.27	57,436	D
Common Stock								1,500	I	See Footnote(3)

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

Explanation of Responses:

1. Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person in 2024.

2. This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above.

3. Represents shares held in an account by the reporting person's mother over which the reporting person holds a power of attorney.

Remarks:

	/s/ James Cotton for Michael D. Leskinen	07/28/2026
	** 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)