Form 4: Director Donald Lee Moak Receives RSU Grant at Wheels Up

Director Donald Lee Moak was granted 24,305 restricted stock units as part of the Wheels Up Experience Inc. long-term incentive plan.

Summary

• Director Donald Lee Moak acquired 24,305 restricted stock units (RSUs) on June 9, 2026.
• The RSUs were granted under the company's 2021 Long-Term Incentive Plan.
• Following this transaction, the director's total beneficial ownership is 33,326 shares of Class A common stock.
• The grant is subject to a four-quarter vesting schedule ending in June 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of RSUs is contingent upon the director's continued service to the company.
• The value of the equity is subject to market volatility of the company's Class A common stock.

Future Outlook

The RSUs will vest 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 meeting, whichever is earlier).

Industry Context

StockSavvy.ai notes that equity grants to board members are standard corporate governance practices designed to incentivize long-term oversight and strategic alignment in the aviation and private charter industry.

Comparison to Industry Standards

• The use of multi-year vesting schedules for director equity is consistent with standard corporate governance practices for publicly traded companies.
• The grant size is commensurate with typical non-employee director compensation packages for companies of similar market capitalization.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation practices.

Next Steps

• Vesting of the first installment of RSUs on September 9, 2026.

Key Dates

Keywords

Wheels Up, UP, Form 4, Director Compensation, Equity Grant, Insider Ownership