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United Airlines Holdings, Inc. (UAL) details executive stock awards and gifts

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kate Gebo, EVP HR and Labor Relations at United Airlines Holdings, Inc., reported settlement of 2024 performance-based RSUs into 17,837 shares of common stock on July 25, 2026, with 7,901 shares withheld to cover tax obligations at $118.27 per share. On July 28, she recorded bona fide gift transfers of 4,968 shares from direct holdings and a separate 4,968-share gift into indirect holdings through revocable trusts, leaving a revocable trust in her spouse’s name with 69,018 indirectly held shares.

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Insider Gebo Kate
Role EVP HR and Labor Relations
Type Security Shares Price Value
Gift Common Stock F3 4,968 $0.00 $0.00
Gift Common Stock F4, F5 4,968 $0.00 $0.00
Grant/Award Common Stock F1 17,837 $0.00 $0.00
Tax Withholding Common Stock F2 7,901 $118.27 $934K
Holdings After Transaction: Common Stock — 69,018 shares (Direct); Common Stock — 69,018 shares (Indirect, See Footnote)
Footnotes (5)
  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. Balance held in a revocable trust in the name of the reporting person.
  4. F4. By spouse of the reporting person.
  5. F5. Balance held in a revocable trust in the name of the spouse of the reporting person.
PB RSU shares settled 17,837 shares Common shares acquired on July 25, 2026, from settlement of 2024 performance-based RSUs
Shares withheld for taxes 7,901 shares Shares withheld on July 25, 2026, to pay tax withholding obligations on PB RSU settlement
Tax withholding price $118.27 per share Per-share value applied to UAL shares withheld to satisfy tax obligations
Direct shares gifted 4,968 shares Bona fide gift disposition of common stock from direct holdings on July 28, 2026
Indirect shares received as gift 4,968 shares Bona fide gift acquisition into indirect holdings via revocable trusts on July 28, 2026
Indirect spouse trust holdings 69,018 shares UAL common shares held in a revocable trust in the spouse’s name after the gift
performance-based restricted stock units ("PB RSUs") financial
"Represents shares acquired upon the settlement of performance-based restricted stock units ("PB RSUs")."
bona fide gift financial
"Transaction code G is described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"Balance held in a revocable trust in the name of the spouse of the reporting person."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
tax withholding obligations financial
"Withholding of shares to pay tax withholding obligations associated with the PB RSU awards."

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FAQ

What insider stock activity did Kate Gebo report for UAL?

Kate Gebo reported 17,837 UAL shares from settlement of 2024 PB RSUs, 7,901 shares withheld for taxes at $118.27 per share, and two 4,968-share bona fide gifts involving movements between her direct holdings and revocable trusts, including one in her spouse’s name.

How many UAL shares did Kate Gebo receive from PB RSUs?

She received 17,837 shares of United Airlines common stock from settlement of 2024 performance-based restricted stock units on July 25, 2026. These PB RSUs were previously granted as equity compensation and converted into common shares upon vesting and settlement.

How were taxes handled on Kate Gebo’s UAL RSU settlement?

To cover tax obligations on the PB RSU settlement, 7,901 shares of UAL common stock were withheld on July 25, 2026, at a value of $118.27 per share. This reduced the net shares she retained from the vested RSU award.

What bona fide gifts of UAL shares did Kate Gebo report?

On July 28, 2026, she reported two bona fide gift transactions of 4,968 shares each. One was a disposition from direct holdings, and the other an acquisition into indirect holdings through revocable trusts associated with her and her spouse.

How many UAL shares are held in Kate Gebo’s spouse’s revocable trust?

After the July 28, 2026 gift transaction, a revocable trust in the name of Kate Gebo’s spouse held 69,018 shares of UAL common stock. These shares are reported as indirect holdings attributed to the reporting person on the Form 4.

Were Kate Gebo’s UAL transactions made under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 checkbox was not marked for these transactions. No footnotes describe them as occurring under a pre-arranged trading plan, so they are reported as discretionary rather than plan-based trades.
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*
Gebo Kate

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP HR and Labor Relations
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2026
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
Common Stock07/25/2026A(1)17,837A$081,887D
Common Stock07/25/2026F(2)7,901D$118.2773,986D
Common Stock07/28/2026G4,968D$069,018D(3)
Common Stock07/28/2026GV4,968A$069,018ISee Footnote(4)(5)
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
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. Balance held in a revocable trust in the name of the reporting person.
4. By spouse of the reporting person.
5. Balance held in a revocable trust in the name of the spouse of the reporting person.
Remarks:
/s/ James Cotton for Kate Gebo07/28/2026
** 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)