Form 4: United Airlines CEO J. Scott Kirby Reports Stock Transactions
SEC Form 4 Filing
United Airlines CEO J. Scott Kirby reports the acquisition and disposal of company stock related to performance-based restricted stock units and tax obligations.
Summary
- J. Scott Kirby, CEO of United Airlines Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership of UAL stock.
- On February 10, 2025, Kirby acquired 195,512 shares of UAL common stock upon the settlement of performance-based restricted stock units (PB RSUs) granted in 2022.
- On the same day, Kirby disposed of 75,542 shares to cover tax withholding obligations associated with the RSU settlement at a price of $106.08 per share.
- Following these transactions, Kirby directly owns 603,670 shares of UAL common stock.
- Kirby also indirectly owns 5,000 shares held in a trust for his children and other relatives, and 8,000 shares held in a trust for his children where his brother is the trustee; he disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the first trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall impact is likely minimal as it relates to previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 2022 | Year the performance-based restricted stock units (PB RSUs) were granted to J. Scott Kirby. |
| 02/10/2025 | Date of the stock acquisition and disposal transactions related to the settlement of PB RSUs and tax obligations. |
| 02/12/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, UAL, United Airlines, J. Scott Kirby, Beneficial Ownership, Stock Transaction, Performance-Based Restricted Stock Units, PB RSUs, Tax Withholding
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