Form 4: Wheels Up Executive Matthew J. Knopf Receives Stock Grant

Matthew J. Knopf, Chief Legal Officer of Wheels Up Experience Inc., was granted 888,325 shares of Class A Common Stock on September 9, 2024.

Summary

• On September 9, 2024, Matthew J. Knopf, the Chief Legal Officer of Wheels Up Experience Inc., received a grant of 888,325 shares of Class A Common Stock.
• These shares were granted as restricted stock units (RSUs) under Rule 16b-3(d) of the Securities Exchange Act of 1934.
• The RSUs will vest in three equal installments on September 9, 2025, September 9, 2026, and September 9, 2027, contingent upon Knopf's continued service to the company.

Sentiment

Score: 7

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

Positives

• The grant of RSUs to a key executive like the Chief Legal Officer can be seen as an incentive to retain talent and align their interests with the company's long-term success.

Future Outlook

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

Industry Context

Stock grants are a common practice in the corporate world to incentivize and retain key executives. The size and vesting schedule of the grant are typical considerations.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the Chief Legal Officer to remain with the company and contribute to its success.

Key Dates