Wheels Up director granted 24,305 RSUs
FARAH ROGER N reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
FARAH ROGER N reported acquisition or exercise transactions in this Form 4 filing.
Wheels Up Experience Inc. director Roger N. Farah received an equity award of 24,305 restricted stock units (RSUs) of Class A common stock. The grant was made under the company’s 2021 Long-Term Incentive Plan pursuant to Rule 16b-3(d).
The RSUs will settle in Class A shares upon vesting, if at all. Vesting occurs in four equal quarterly installments on September 9, 2026, December 9, 2026, March 9, 2027, and June 9, 2027 or the date of the next annual stockholder meeting after June 9, 2027, subject to Farah’s continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 24,305 shares
Grant/Award
1 txn
Insider
FARAH ROGER N
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock, par value $0.0001 per share | 24,305 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 24,305 shares (Direct)
Footnotes (1)
- F1. Represents a grant of restricted stock units ("RSUs") 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), pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended. The RSUs will be settled in shares of Class A common stock, par value $0.0001 per share, of Wheels Up Experience Inc. (the "Issuer") upon vesting, if at all. The RSUs will vest in four equal quarterly installments on each of (i) September 9, 2026, (ii) December 9, 2026, (iii) March 9, 2027, and (iv) upon the earlier to occur of (a) June 9, 2027 or (b) the date of the next annual meeting of stockholders of the Issuer following June 9, 2027, in each case subject to the Reporting Person's continued service to the Issuer.
Key Figures
RSUs granted: 24,305 units
Reported grant price: $0.0000 per share
Shares after transaction: 24,305 shares
+4 more
7 metrics
RSUs granted
24,305 units
Restricted stock units awarded to Roger N. Farah
Reported grant price
$0.0000 per share
Price per share field for RSU grant
Shares after transaction
24,305 shares
Total Class A shares/units reported following grant
First vesting date
September 9, 2026
First of four equal quarterly vesting installments
Second vesting date
December 9, 2026
Second of four equal quarterly vesting installments
Third vesting date
March 9, 2027
Third of four equal quarterly vesting installments
Final vesting reference date
June 9, 2027
Final installment on June 9, 2027 or next annual meeting date
Key Terms
restricted stock units ("RSUs"), Long-Term Incentive Plan, Rule 16b-3(d), vesting, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents a grant of restricted stock units ("RSUs") under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Long-Term Incentive Plan financial
"under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated April 1, 2023"
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.
Rule 16b-3(d) regulatory
"pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
vesting financial
"The RSUs will be settled in shares ... upon vesting, if at all. The RSUs will vest in four equal quarterly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual meeting of stockholders regulatory
"upon the earlier to occur of June 9, 2027 or the date of the next annual meeting of stockholders of the Issuer"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Wheels Up (UP) report for Roger N. Farah?
Wheels Up reported that director Roger N. Farah received an award of 24,305 restricted stock units. These RSUs are a form of equity compensation that will convert into Class A common shares only as they vest over time, subject to continued service.
How many RSUs did Roger N. Farah receive from Wheels Up (UP)?
Roger N. Farah received 24,305 restricted stock units of Wheels Up Class A common stock. All 24,305 units were reported as directly owned following the grant, and they will convert into shares only upon meeting the specified vesting schedule and service conditions.
What is the vesting schedule of the new Wheels Up (UP) RSUs for Roger N. Farah?
The RSUs vest in four equal quarterly installments. Vesting dates are September 9, 2026, December 9, 2026, March 9, 2027, and June 9, 2027 or the next annual stockholder meeting after that date, all conditioned on Farah’s continued service to the company.
Are the Wheels Up (UP) RSUs for Roger N. Farah an open-market purchase?
No, the RSUs are a compensation grant, not an open-market purchase. They were issued at a reported price of $0.0000 per unit under the company’s 2021 Long-Term Incentive Plan, pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934.
Under which plan were Roger N. Farah’s Wheels Up (UP) RSUs granted?
The RSUs were granted under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan. The filing notes the plan has been amended and restated several times, with amendments effective in 2023, 2024, 2025, and 2026, and the grant is structured under Rule 16b-3(d).
AI-generated analysis. How Rhea-AI works. Not financial advice.
