Form 4: UAL Director Defers Fees into Share Units

United Airlines Holdings Director Barney Harford deferred 2025 quarterly retainer fees into 347.6 share units, to be settled in common stock upon separation from service.

Summary

• Barney Harford, a Director at United Airlines Holdings, Inc. (UAL), reported a transaction involving the deferral of compensation.
• The transaction occurred on December 31, 2025, and involved the acquisition of 347.6 share units.
• These share units represent 2025 quarterly retainer fees that Mr. Harford elected to defer into a share account.
• The deferral was made pursuant to the terms of the Company's 2006 Director Equity Incentive Plan (DEIP).
• Each share unit converts to one share of common stock.
• The share units will be settled in common stock following Mr. Harford's separation from service, in accordance with the DEIP terms.
• Following this transaction, Mr. Harford beneficially owns 4,500.1 derivative securities (share units).

Sentiment

Score: 7

Explanation: The deferral of director fees into company equity aligns the director's interests with shareholders, indicating confidence in the company's future performance.

Positives

• Director Barney Harford elected to defer 2025 quarterly retainer fees into company share units, aligning his interests with shareholders.

Future Outlook

Share units will be settled in common stock following the Reporting Person's separation from service in accordance with the terms of the 2006 Director Equity Incentive Plan.

Industry Context

NA

Stakeholder Impact

• Shareholders may view the director's increased equity stake as a positive signal of management's commitment and confidence in the company.

Next Steps

• Settlement of share units into common stock upon the reporting person's separation from service.

Key Dates

Recommendation

This Form 4 reports a routine deferral of director fees into company stock, which is a positive sign of alignment but not a material event that would typically alter an investment recommendation for United Airlines Holdings, Inc.

Keywords

United Airlines Holdings, UAL, Form 4, Insider Transaction, Director Compensation, Share Units, Equity Incentive Plan, Stock Deferral