Form 4: Wheels Up Director David J. Adelman Receives Stock Grant

Director David J. Adelman received a grant of restricted stock units in Wheels Up Experience Inc.

Summary

• David J. Adelman, a director of Wheels Up Experience Inc., filed a Form 4 on June 7, 2024.
• The filing reports a transaction on June 6, 2024, where Adelman acquired 87,065 shares of Class A Common Stock through a grant of restricted stock units (RSUs).
• These RSUs will vest in four equal quarterly installments starting December 6, 2024, and ending no later than June 6, 2025, subject to continued service.
• Following the reported transaction, Adelman directly owns 187,703 shares of Class A Common Stock.
• Adelman also indirectly owns 85,000 shares through Darco Capital LP and 107,185 shares through Darco Wheels Up LLC.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership, and does not contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The vesting schedule incentivizes continued service to the company.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person's continued service to the Issuer.

Industry Context

This filing is a routine disclosure related to executive compensation and insider ownership, common in publicly traded companies.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates