Form 4: Wheels Up Experience Inc. Executive Alexander Chatkewitz Receives Stock Grant

Alexander Chatkewitz, Chief Accounting Officer of Wheels Up Experience Inc., was granted 176,212 shares of Class A common stock in the form of restricted stock units.

Summary

• Alexander Chatkewitz, the Chief Accounting Officer of Wheels Up Experience Inc., received a grant of 176,212 restricted stock units (RSUs) on October 2, 2024.
• These RSUs will vest in three equal installments on October 2, 2025, October 2, 2026, and October 2, 2027, contingent upon Chatkewitz's continued service to the company.
• Following this transaction, Chatkewitz directly owns 326,212 shares of Class A Common Stock.
• The grant was made pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an executive stock grant, with no inherent positive or negative sentiment.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of an insider transaction, specifically a grant of restricted stock units, which is a common practice for incentivizing and retaining key executives in publicly traded companies.

Stakeholder Impact

• The RSU grant could have a slightly positive impact on shareholders by aligning management's interests with the company's long-term performance.

Key Dates