Form 4: Wheels Up Director Donald Moak Granted Over 115,000 Restricted Stock Units

Wheels Up Experience Inc. Director Donald Lee Moak was granted 115,132 restricted stock units (RSUs) on June 10, 2025, as part of his compensation, which will vest in four quarterly installments through September 2026.

Summary

• Donald Lee Moak, a Director of Wheels Up Experience Inc. (UP), was granted 115,132 Restricted Stock Units (RSUs) on June 10, 2025.
• The RSUs were granted at a price of $0 and will be settled in shares of Class A Common Stock upon vesting.
• Following this transaction, Mr. Moak beneficially owns 223,597 shares directly.
• The RSUs will vest in four equal quarterly installments on December 10, 2025, March 10, 2026, June 10, 2026 (or earlier upon the next annual meeting), and September 10, 2026.
• Vesting is contingent upon Mr. Moak's continued service to Wheels Up Experience Inc.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates continued alignment of a director's interests with the company's performance through equity compensation, which is a routine and expected event.

Positives

• The grant of 115,132 Restricted Stock Units (RSUs) to Director Donald Lee Moak aligns his interests with those of shareholders, as the value of his compensation is tied to the company's stock performance.
• This RSU grant is a standard component of executive and director compensation, indicating ongoing commitment and retention of key personnel.

Future Outlook

The future outlook for Donald Lee Moak's compensation includes the vesting of 115,132 RSUs in four equal quarterly installments, subject to his continued service to Wheels Up Experience Inc., with the final vesting expected by September 10, 2026.

Industry Context

This Form 4 filing represents a routine insider transaction, specifically an equity grant to a director, which is a common practice across industries for executive and board member compensation to align their interests with long-term company performance and shareholder value.

Corporate Governance

Related Party Transactions

• The grant of 115,132 Restricted Stock Units (RSUs) to Donald Lee Moak, a Director of Wheels Up Experience Inc., constitutes a related party transaction as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders, potentially encouraging decisions that enhance long-term stock value. However, it also represents potential future dilution upon vesting.
• Employees: No direct impact mentioned, but it reflects the company's compensation practices for its leadership.
• Director (Donald Lee Moak): Receives equity compensation, increasing his personal stake and potential future wealth tied to the company's success.

Next Steps

• The 115,132 RSUs granted to Donald Lee Moak will vest in four equal quarterly installments.
• The first vesting installment is scheduled for December 10, 2025.
• Subsequent vesting installments are scheduled for March 10, 2026, June 10, 2026 (or earlier upon the next annual meeting), and September 10, 2026.
• Vesting is subject to Donald Lee Moak's continued service to Wheels Up Experience Inc.

Key Dates

Keywords

Wheels Up Experience Inc., UP, Donald Lee Moak, Restricted Stock Units, RSU grant, insider transaction, SEC Form 4, director compensation, equity compensation, stock ownership