Form 4: Wheels Up Executive Matthew Knopf Receives Stock Grant

Matthew J. Knopf, Chief Legal Officer of Wheels Up Experience Inc., reports the acquisition of 341,797 shares of Class A Common Stock through a restricted stock unit (RSU) grant.

Summary

• Matthew J. Knopf, the Chief Legal Officer of Wheels Up Experience Inc., filed a Form 4 disclosing changes in beneficial ownership.
• On February 26, 2025, Knopf acquired 341,797 shares of Class A Common Stock through a grant of restricted stock units (RSUs).
• These RSUs will vest over time, with 1/4th vesting on February 26, 2026, and the remaining RSUs vesting in 12 equal quarterly installments starting May 26, 2026, contingent upon continued service to the Issuer.
• Following the reported transaction, Knopf beneficially owns 1,230,122 shares of Class A Common Stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard executive compensation practice, indicating confidence in the executive's continued service and the company's future.

Positives

• The RSU grant to a key executive suggests an incentive alignment with the company's long-term performance.
• The vesting schedule encourages continued service and commitment from the Chief Legal Officer.

Future Outlook

The vesting schedule of the RSUs indicates a multi-year commitment from the executive, aligning their interests with the company's future performance.

Industry Context

Stock grants are a common practice in the corporate world to incentivize executives and align their interests with shareholders. The vesting schedule is typical for such grants.

Comparison to Industry Standards

• RSU grants are a standard form of executive compensation across various industries, including aviation and technology.
• Vesting schedules, such as the one described, are common to ensure long-term commitment from the executive.
• Comparable companies in the aviation or luxury travel sectors often use similar equity-based compensation plans.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive interests with long-term company performance.
• Employees may see this as a positive sign of investment in leadership.

Key Dates