Form 4: Wheels Up Executive Brian Joseph Kedzior Reports Changes in Beneficial Ownership

Brian Joseph Kedzior, Chief People Officer of Wheels Up Experience Inc., reports acquisition and disposal of Class A Common Stock.

Summary

• On February 26, 2025, Brian Joseph Kedzior, Chief People Officer of Wheels Up Experience Inc., reported changes in beneficial ownership of the company's Class A Common Stock.
• Kedzior disposed of 9,907 shares at a price of $1.2 per share to cover tax liabilities related to vesting restricted stock units.
• He also acquired 276,694 shares through a grant of restricted stock units (RSUs) at a price of $0 per share.
• Following these transactions, Kedzior beneficially owns 808,771 shares of Class A Common Stock.
• The RSUs will vest as follows: 1/4th on February 26, 2026, and the remaining in 12 equal quarterly installments starting May 26, 2026, subject to continued service.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey strong positive or negative sentiment, but the RSU grant could be viewed as a mild positive, indicating confidence in the executive and the company's future.

Positives

• The grant of RSUs to a key executive like the Chief People Officer can be seen as a positive sign, aligning their interests with the long-term success of the company.

Future Outlook

The document outlines the vesting schedule for the granted RSUs, indicating a continued service requirement for the executive to fully realize the benefit of the grant.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a key executive at Wheels Up, which is relevant to investors monitoring insider activity.

Comparison to Industry Standards

• RSU grants are a common form of executive compensation across the aviation and technology industries.
• Vesting schedules, such as the one described in the document, are typical for RSU grants to incentivize long-term commitment.
• Comparable companies like NetJets or VistaJet also utilize equity-based compensation for their executives.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's value.
• Employees may view the RSU grant as a positive sign of the company's commitment to its leadership.

Key Dates