Form 4: Wheels Up Chief People Officer Reports Routine Stock Transaction for Tax Withholding
Insider Transaction Report
Brian Joseph Kedzior, Chief People Officer of Wheels Up Experience Inc., reported a routine disposition of 2,098 shares of Class A Common Stock to cover tax liabilities from vested restricted stock units.
Summary
- Brian Joseph Kedzior, the Chief People Officer of Wheels Up Experience Inc. (UP), filed a Form 4 with the SEC.
- The filing reports a transaction on May 26, 2025, involving the disposition of 2,098 shares of Class A Common Stock.
- These shares were withheld by the company for the payment of tax liability arising from the vesting of restricted stock units (RSUs).
- The shares were disposed of at a price of $1.68 per share.
- Following this transaction, Mr. Kedzior beneficially owns 862,011 shares of Class A Common Stock.
- The original restricted stock units were reported in a Form 4 filed on June 7, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reports a routine, non-discretionary transaction (shares withheld for tax liability) that is a common part of equity compensation plans and does not indicate any specific positive or negative operational or financial developments for the company.
Future Outlook
This document does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing details a routine insider transaction related to equity compensation and tax obligations, which is a common occurrence across all publicly traded companies and does not reflect broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a discretionary sale by the insider.
- Employees: Reflects standard equity compensation practices for executives.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of original Form 4 filing reporting the restricted stock units that subsequently vested. |
| 05/26/2025 | Transaction date for the disposition of shares for tax withholding. |
| 05/28/2025 | Date the Form 4 was filed with the SEC. |
Keywords
Wheels Up Experience Inc., UP, SEC Form 4, Insider Transaction, Brian Joseph Kedzior, Chief People Officer, Stock Disposition, Tax Withholding, Restricted Stock Units, Equity Compensation
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