UAL (UAL) COO Enqvist awarded 56,699 shares, withholds 21,478 for taxes

Rhea-AI Filing Summary

United Airlines Holdings EVP & Chief Operations Officer Torbjorn J. Enqvist reported equity compensation-related transactions in United’s common stock. On February 13, 2026, he acquired 56,699 shares at $0.00 per share through the settlement of performance-based restricted stock units granted in 2023. As part of the same settlement, 21,478 shares were withheld at $109.29 per share to cover tax withholding obligations, leaving him with 112,721 shares of common stock held directly after these transactions.

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

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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^*

Enqvist Torbjorn 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)
	EVP & Chief Operations Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		A(1)		56,699	A	$0	134,199	D
Common Stock	02/13/2026		F(2)		21,478	D	$109.29	112,721	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

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 2023.

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.

Remarks:

	/s/ James Cotton for Torbjorn J. Enqvist	02/18/2026
	** 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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FAQ

What insider transactions did UAL executive Torbjorn Enqvist report on February 13, 2026?

Torbjorn Enqvist reported acquiring 56,699 shares of United Airlines common stock through settlement of performance-based restricted stock units, and a related withholding of 21,478 shares to satisfy tax obligations, all dated February 13, 2026, leaving 112,721 shares held directly afterward.

Were the UAL shares acquired by Torbjorn Enqvist a market purchase or an award?

The UAL shares were acquired as an equity award, not a market purchase. They represent settlement of performance-based restricted stock units granted in 2023, with no cash price paid per share on the acquisition transaction.

Why were 21,478 shares of UAL common stock disposed of in Torbjorn Enqvist’s Form 4?

The 21,478 shares were withheld to cover tax withholding obligations tied to the settlement of performance-based restricted stock unit awards. This tax-withholding disposition did not represent an open-market sale but an automatic share withholding for taxes.

How many UAL shares does Torbjorn Enqvist own directly after these Form 4 transactions?

Following the equity award settlement and related tax-withholding disposition, Torbjorn Enqvist directly holds 112,721 shares of United Airlines common stock, as reported in the Form 4’s post-transaction ownership figure.

What price was used for the UAL shares withheld for Torbjorn Enqvist’s tax obligations?

The shares withheld for tax obligations were valued at $109.29 per share. This price was used to determine the number of shares, 21,478, withheld to satisfy the tax liability from the restricted stock unit settlement.