Form 4: Roger N. Farah Receives RSU Grant at Wheels Up
Director Equity Grant
Director Roger N. Farah was granted 24,305 restricted stock units as part of the Wheels Up Experience Inc. long-term incentive plan.
Summary
- Director Roger N. Farah acquired 24,305 restricted stock units (RSUs) on June 9, 2026.
- The grant was issued under the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan.
- The RSUs are subject to a four-quarter vesting schedule beginning September 9, 2026, and concluding in mid-2027.
- The acquisition price for the units was $0, representing equity-based compensation.
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.
- Standard retention mechanism for board members.
Negatives
- Potential for future dilution of existing shareholders upon the eventual settlement of RSUs into Class A common stock.
Risks
- Vesting is contingent upon the reporting person's continued service to the issuer.
- Market volatility could impact the future value of the underlying equity.
Future Outlook
The RSUs will vest in four equal quarterly installments, contingent upon continued service, with full vesting expected by June 2027.
Management Comments
- The grant is issued pursuant to the 2021 Long-Term Incentive Plan, as amended.
Industry Context
StockSavvy.ai notes that equity grants to board members are standard corporate governance practices in the aviation and private jet services sector to ensure leadership retention and alignment with company performance.
Comparison to Industry Standards
- The use of multi-quarter vesting schedules for director compensation is consistent with standard practices for publicly traded companies in the U.S.
- The grant size is typical for non-executive director compensation packages in mid-cap aviation firms.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Incentive Plan Amendment | Reference to Amendment No. 3 of the 2021 Long-Term Incentive Plan effective March 31, 2026. | 03/31/2026 | Updates the framework for equity-based compensation for directors and employees. |
Stakeholder Impact
- Shareholders may experience minor dilution upon the settlement of these RSUs.
Next Steps
- Vesting of the first tranche of RSUs on September 9, 2026.
Key Dates
| Date | Description |
|---|---|
| 06/09/2026 | Date of RSU grant transaction. |
| 09/09/2026 | First quarterly vesting date. |
| 12/09/2026 | Second quarterly vesting date. |
| 03/09/2027 | Third quarterly vesting date. |
| 06/09/2027 | Final potential vesting date. |
Keywords
Wheels Up, UP, Form 4, Insider Trading, Director Compensation, Equity Grant
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