Wheels Up exec has 298 shares withheld for taxes
Wheels Up Experience Inc. (UP) reported an insider tax-related share disposition by Chief Growth Officer Meaghan Danielle Wells.
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Form Type
4
Rhea-AI Filing Summary
Wheels Up Experience Inc. (UP) reported an insider tax-related share disposition by Chief Growth Officer Meaghan Danielle Wells. On 2026-08-26, 298 shares of Class A common stock were withheld at $5.06 per share to cover tax liability from vesting restricted stock units under the company’s 2021 Long-Term Incentive Plan and its amendments. Following this withholding, Wells directly held 61,397 Class A shares.
Insider Trade Summary
Tax Withholding: 298 shares
Tax Withholding
1 txn
Insider
Wells Meaghan Danielle
Role
Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.0001 per share F1 | 298 | $5.06 | $2K |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 61,397 shares (Direct)
Footnotes (1)
- F1. Represents shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. that were withheld for the payment of tax liability arising as a result of the vesting of restricted stock units granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023 (as amended by Amendment No. 1 thereto, effective April 15, 2024, Amendment No. 2 thereto, effective March 26, 2025, and Amendment No. 3 thereto, effective March 31, 2026), which were originally reported by the Reporting Person in a Form 3 filed with the United States Securities and Exchange Commission on June 27, 2025.
Key Figures
Shares withheld for taxes: 298 shares
Transaction price per share: $5.06 per share
Shares owned after transaction: 61,397 shares
+2 more
5 metrics
Shares withheld for taxes
298 shares
Class A common stock withheld on 2026-08-26 for tax liability
Transaction price per share
$5.06 per share
Value used for the 298-share tax-withholding transaction
Shares owned after transaction
61,397 shares
Directly owned Class A shares by Meaghan Danielle Wells following withholding
Transaction code
Code F
Payment of tax liability by delivering or withholding securities
Equity plan year
2021
Wheels Up Experience Inc. 2021 Long-Term Incentive Plan referenced in footnote
Key Terms
restricted stock units, Long-Term Incentive Plan, withheld for the payment of tax liability, Class A common stock
4 terms
restricted stock units financial
"arising as a result of the vesting of restricted stock units granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long-Term Incentive Plan financial
"under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
withheld for the payment of tax liability financial
"shares of Class A common stock ... that were withheld for the payment of tax liability"
Class A common stock financial
"Represents shares of Class A common stock, par value $0.0001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Wheels Up (UP) report for Meaghan Danielle Wells?
Wheels Up reported that Chief Growth Officer Meaghan Danielle Wells had 298 Class A shares withheld on 2026-08-26 to pay tax liability arising from the vesting of restricted stock units granted under the company’s 2021 Long-Term Incentive Plan and its subsequent amendments.
Was the Wheels Up (UP) Form 4 transaction a market sale or a tax withholding?
The Form 4 describes a tax withholding, not an open-market sale. 298 shares of Class A common stock were withheld to pay tax liability connected to vesting restricted stock units, as indicated by transaction code F and the accompanying footnote.
What equity plan was involved in the Wheels Up (UP) insider RSU vesting?
The vesting RSUs came from the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023 and further amended effective April 15, 2024, March 26, 2025, and March 31, 2026, according to the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
