Wheels Up (UP) CMO granted 721,154 RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wheels Up Experience Inc. Chief Marketing Officer Kristen Lauria reported equity compensation activity and related tax share withholdings. On February 25, 2026, she received a grant of 721,154 restricted stock units (RSUs) under the A&R 2021 Long-Term Incentive Plan, which will settle in Class A common stock upon vesting.
The RSUs vest with 1/4 on February 25, 2027, and the remainder in 12 equal quarterly installments starting May 25, 2027, subject to continued service. On February 26, 2026, 3,438 and 36,270 shares of Class A common stock were withheld to cover tax liabilities from prior RSU vestings at $0.66 per share, leaving her with 1,667,177 shares owned directly after these dispositions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lauria Kristen
Role
Chief Marketing Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, par value $0.0001 per share | 3,438 | $0.66 | $2K |
| Tax Withholding | Class A Common Stock, par value $0.0001 per share | 36,270 | $0.66 | $24K |
| Grant/Award | Class A Common Stock, par value $0.0001 per share | 721,154 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 1,703,447 shares (Direct)
Footnotes (1)
- 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, and Amendment No. 2 thereto, effective March 26, 2025, the "A&R 2021 LTIP"), pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934, as amended. The RSUs will be settled in shares of the Class A common stock, par value $0.0001 per share ("Common Stock"), of Wheels Up Experience Inc. (the "Issuer") upon vesting, if at all. The RSUs will vest as follows: (i) 1/4th of the RSUs will vest on February 25, 2027; and (ii) the remaining RSUs will vest in 12 equal quarterly installments commencing May 25, 2027, in each case subject to the Reporting Person's continued service to the Issuer. Represents shares of Common Stock that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4 filed with the United States Securities and Exchange Commission ("SEC") on June 7, 2024. Represents shares of Common Stock that were withheld for the payment of tax liability arising as a result of the vesting of RSUs granted under the A&R 2021 LTIP, which were originally reported by the Reporting Person in a Form 4/A filed with the SEC on March 14, 2025.
FAQ
What equity award did Wheels Up (UP) CMO Kristen Lauria receive?
Kristen Lauria received a grant of 721,154 restricted stock units (RSUs) under Wheels Up’s A&R 2021 Long-Term Incentive Plan. These RSUs will settle in Class A common stock upon vesting, serving as a long-term, stock-based component of her compensation package.
How will Kristen Lauria’s new RSUs at Wheels Up (UP) vest over time?
The 721,154 RSUs vest with 1/4 on February 25, 2027. The remaining units vest in 12 equal quarterly installments starting May 25, 2027, and each vesting event depends on her continued service with Wheels Up Experience Inc.
What plan governs Kristen Lauria’s RSU grant at Wheels Up (UP)?
The RSU grant of 721,154 units was made under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, as amended and restated. The plan provides for equity-based awards, including RSUs that settle in Class A common stock upon vesting.