United Airlines director granted 2,130 share units

Harford Barney reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Harford Barney reported acquisition or exercise transactions in this Form 4 filing.

United Airlines Holdings, Inc. director Harford Barney reported a compensation-related grant of derivative share units. On May 20, 2026, he was awarded 2,130 share units, each representing the economic equivalent of one share of common stock, at a stated price of $0.00 per unit.

Following this grant, Barney holds 2,130 share units directly. Upon vesting on May 20, 2027, these units are scheduled to settle 50% in cash and 50% in United Airlines common stock, based on the share price at settlement, with additional units accruing over time as dividends are paid.

Insider Trade Summary

Grant/Award: 2,130 shares

Grant/Award 1 txn

Insider Harford Barney

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Share Units	2,130	$0.00	$0.00

Holdings After Transaction: Share Units — 2,130 contracts (Direct)

Footnotes (2)

1. F1. Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.
2. F2. Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

Key Figures

Share units granted: 2,130 share units Price per unit: $0.00 per unit Units after transaction: 2,130 share units +1 more

4 metrics

Share units granted 2,130 share units Grant on May 20, 2026 to director Harford Barney

Price per unit $0.00 per unit Stated grant price for 2,130 share units

Units after transaction 2,130 share units Total share units held directly after the grant

Settlement mix 50% cash / 50% stock Settlement structure upon vesting on May 20, 2027

Key Terms

Share Units, vested, dividends, Form 4

4 terms

Share Units financial

"Each share unit represents the economic equivalent of one share of common stock."

vested financial

"Upon vesting, the share units are settled (i) 50% in cash..."

dividends financial

"Additional share units accrue when and as dividends are paid on the Company's common stock."

Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.

Form 4 regulatory

"This Form 4 does not show Harford Barney buying or selling stock..."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What did United Airlines (UAL) director Harford Barney report in this Form 4?

Harford Barney reported receiving a grant of 2,130 share units tied to United Airlines common stock. These units are a form of equity-based compensation that track the value of the company’s shares rather than representing immediate, tradable stock.

How many United Airlines share units were granted to Harford Barney?

Harford Barney was granted 2,130 share units. Each unit represents the economic equivalent of one share of United Airlines common stock, giving him exposure to the stock’s value through this compensation award rather than an open-market purchase.

How will Harford Barney’s United Airlines share units be settled at vesting?

Upon vesting, Harford Barney’s share units will be settled 50% in cash and 50% in United Airlines common stock. The cash portion is based on the average high and low trading prices of the stock on the settlement date or preceding trading day.

When are Harford Barney’s United Airlines share units scheduled to vest?

The share units granted to Harford Barney are scheduled to vest and settle on May 20, 2027. On that date, the units will convert into a mix of cash and United Airlines common stock, using the stock’s average high and low price for valuation.

Do Harford Barney’s United Airlines share units receive dividends?

Additional share units accrue as dividends are paid on United Airlines common stock. The number of new units equals the cash dividend amount that would apply to the units, divided by the average high and low stock prices on the dividend payment date.

Is Harford Barney buying or selling United Airlines stock in this Form 4?

This Form 4 does not show Harford Barney buying or selling stock on the open market. It reports a grant of 2,130 share units as compensation, categorized as an acquisition under code A, rather than a discretionary purchase or sale of common shares.

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

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Accepted by SEC EDGAR 05/22/2026 - 04:35 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^*

Harford Barney

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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
Share Units	(1)	05/20/2026		A		2,130(2)		05/20/2027	05/20/2027	Common Stock	2,130	$0	2,130	D

Explanation of Responses:

1. Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.

2. Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

Remarks:

	/s/ James Cotton for Barney Harford	05/22/2026
	** 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)