Form 4: Wheels Up COO David Holtz Receives Stock Grant

David Holtz, Chief Operating Officer of Wheels Up Experience Inc., reports the acquisition of 145,053 shares of Class A Common Stock through a restricted stock unit (RSU) grant.

Summary

• David L Holtz, the Chief Operating Officer of Wheels Up Experience Inc., filed a Form 4 on June 7, 2024, reporting a transaction that occurred on June 6, 2024.
• The transaction involved the acquisition of 145,053 shares of Class A Common Stock, par value $0.0001 per share, through a grant of restricted stock units (RSUs).
• These RSUs will vest as follows: 1/4th on February 26, 2025, and the remaining RSUs in 12 equal quarterly installments starting May 26, 2025, contingent upon continued service to the Issuer.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of executive compensation, which is neutral in sentiment. It indicates continued investment in the company's leadership.

Positives

• The RSU grant aligns the executive's interests with the company's long-term performance.

Future Outlook

The vesting schedule of the RSUs extends into the future, incentivizing continued service and alignment with company goals.

Industry Context

Executive compensation through stock grants is a common practice in the industry to align management interests with shareholder value.

Stakeholder Impact

• The RSU grant could positively impact shareholders by aligning executive interests with company performance.

Key Dates