UAL president updates holdings after RSU vesting

United Airlines Holdings, Inc. President Brett J. Hart reported equity award activity tied to restricted stock units (RSUs).

Rhea-AI Filing Summary

United Airlines Holdings, Inc. President Brett J. Hart reported equity award activity tied to restricted stock units (RSUs). On February 28, 2026, multiple RSU grants vested and were settled into UAL common stock, consistent with their scheduled installment vesting. In connection with these vestings, 35,141 shares of common stock were withheld at a price of $106.30 per share to satisfy tax withholding obligations, rather than as an open-market sale, leaving Hart with 371,583 directly held common shares after the transactions.

Insider Trade Summary

79,324 shares exercised/converted

Exercise 7 txns

Insider Hart Brett J

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	29,972	$0.00	$0.00
Exercise	Restricted Stock Units	31,142	$0.00	$0.00
Exercise	Restricted Stock Units	18,210	$0.00	$0.00
Exercise	Common Stock	29,972	$0.00	$0.00
Exercise	Common Stock	31,142	$0.00	$0.00
Exercise	Common Stock	18,210	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	35,141	$106.30	$3.74M

Holdings After Transaction: Restricted Stock Units — 67,564 contracts (Direct); Common Stock — 371,583 shares (Direct)

Footnotes (6)

1. F1. Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.
2. F2. The RSUs were granted on April 4, 2023 and vest in one-third (1/3) substantially equal annual installments on February 28, 2024, February 28, 2025 and February 28, 2026.
3. F3. The RSUs were granted on February 29, 2024 and vest in one-third (1/3) substantially equal annual installments on February 28, 2025, February 28, 2026 and February 28, 2027.
4. F4. The RSUs were granted on February 28, 2025 and vest in one-third (1/3) substantially equal annual installments on February 28, 2026, February 28, 2027 and February 28, 2028.
5. F5. This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above.
6. F6. Each RSU represents the economic equivalent of one share of UAL common stock and shall be settled in shares of UAL common stock upon vesting.

FAQ

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

What did UAL President Brett J. Hart report in this Form 4 filing?

Brett J. Hart reported vesting and settlement of multiple restricted stock unit (RSU) awards into United Airlines common stock. The filing also shows shares withheld to cover tax obligations linked to these RSU vestings, all held under his direct ownership.

Were Brett J. Hart’s UAL transactions open-market purchases or sales?

The transactions were not open-market trades. They reflect automatic conversion of RSUs into UAL common stock and a related share disposition to cover tax withholding, rather than discretionary buying or selling on the open market.

How many United Airlines shares were withheld for Brett J. Hart’s taxes?

A total of 35,141 shares of United Airlines common stock were withheld. These shares were applied to satisfy tax withholding obligations associated with the vesting of RSU awards, at a transaction price of $106.30 per share.

What types of securities were involved in Brett J. Hart’s UAL Form 4?

The filing involves restricted stock units and the related United Airlines common stock. RSUs represent the economic equivalent of one share of common stock and, upon vesting, are settled in actual UAL shares according to the award terms.

What were the vesting schedules for Brett J. Hart’s UAL RSU grants?

One RSU grant from April 4, 2023 vests in three equal installments on February 28 of 2024, 2025, and 2026. Additional grants dated February 29, 2024 and February 28, 2025 also vest in substantially equal annual installments through February 28, 2028.

How many UAL shares did Brett J. Hart own directly after these transactions?

After the reported RSU vesting and tax withholding transactions, Brett J. Hart directly owned 371,583 shares of United Airlines common stock. This total reflects his updated direct holdings following all acquisitions and the tax-related share disposition.

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

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

Hart Brett J

(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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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
Common Stock	02/28/2026		M(1)(2)		29,972	A	$0	357,372	D
Common Stock	02/28/2026		M(1)(3)		31,142	A	$0	388,514	D
Common Stock	02/28/2026		M(1)(4)		18,210	A	$0	406,724	D
Common Stock	02/28/2026		F(5)		35,141	D	$106.3	371,583	D

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	(6)	02/28/2026		M(1)			29,972	(2)	(2)	Common Stock	29,972	$0	0	D
Restricted Stock Units	(6)	02/28/2026		M(1)			31,142	(3)	(3)	Common Stock	31,142	$0	31,143	D
Restricted Stock Units	(6)	02/28/2026		M(1)			18,210	(4)	(4)	Common Stock	18,210	$0	36,421	D

Explanation of Responses:

1. Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.

2. The RSUs were granted on April 4, 2023 and vest in one-third (1/3) substantially equal annual installments on February 28, 2024, February 28, 2025 and February 28, 2026.

3. The RSUs were granted on February 29, 2024 and vest in one-third (1/3) substantially equal annual installments on February 28, 2025, February 28, 2026 and February 28, 2027.

4. The RSUs were granted on February 28, 2025 and vest in one-third (1/3) substantially equal annual installments on February 28, 2026, February 28, 2027 and February 28, 2028.

5. This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above.

6. Each RSU represents the economic equivalent of one share of UAL common stock and shall be settled in shares of UAL common stock upon vesting.

Remarks:

	/s/ James Cotton for Brett J. Hart	03/03/2026
	** 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).
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