4/A: Wheels Up Executive Kristen Lauria Corrects RSU Grant Details in Amended SEC Filing

Kristen Lauria, Chief Marketing Officer at Wheels Up Experience Inc., files an amended SEC Form 4 to correct the number of Restricted Stock Units (RSUs) granted on February 26, 2025.

Summary

• Kristen Lauria, Chief Marketing Officer of Wheels Up Experience Inc., filed an amended Form 4 with the SEC to correct the number of RSUs granted to her on February 26, 2025.
• The amendment revises the number of shares of Common Stock reported in the original Form 4 filed on February 28, 2025.
• The number of RSUs granted is corrected to 390,625 shares, up from the originally reported 325,522 shares.
• Consequently, the total number of shares beneficially owned following the reported transaction is revised to 1,050,678 shares from 985,575 shares.
• The filing also indicates that 13,755 shares were withheld for payment of tax liability arising from the vesting of restricted stock units originally reported on June 7, 2024.
• The RSUs will vest as follows: 1/4th on February 26, 2026, and the remaining in 12 equal quarterly installments starting May 26, 2026, contingent upon continued service to the Issuer.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The document outlines the vesting schedule for the granted RSUs, indicating future equity-based compensation for the reporting person contingent on continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings and compensation structure of key executives.

Stakeholder Impact

• The correction of the RSU grant ensures accurate reporting of executive compensation, which is important for shareholder transparency.

Key Dates