Form 4: Wheels Up Director Donald Lee Moak Receives 87,065 Restricted Stock Units

Director Donald Lee Moak of Wheels Up Experience Inc. was granted 87,065 Restricted Stock Units (RSUs) on June 6, 2024, according to a recent SEC Form 4 filing.

Summary

• Donald Lee Moak, a director of Wheels Up Experience Inc., received a grant of 87,065 Restricted Stock Units (RSUs) on June 6, 2024.
• These RSUs will vest in four equal quarterly installments.
• The vesting dates are September 6, 2024, December 6, 2024, March 6, 2025, and the earlier of June 6, 2025, or the date of the next annual meeting of stockholders following June 6, 2024.
• Vesting is contingent upon Mr. Moak's continued service to the Issuer.

Sentiment

Score: 7

Explanation: The document indicates standard executive compensation practices, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Industry Context

Equity compensation is a common practice in the industry to attract and retain key personnel and align their interests with those of the shareholders.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning the director's interests with the company's long-term success.
• Employees may see this as a standard practice for executive compensation.

Key Dates