Form 4: Wheels Up Experience Inc. Executive Kristen Lauria Reports Acquisition of Restricted Stock Units

Chief Marketing Officer Kristen Lauria reports the acquisition of 148,107 restricted stock units (RSUs) in Wheels Up Experience Inc.

Summary

• On June 6, 2024, Kristen Lauria, Chief Marketing Officer of Wheels Up Experience Inc., reported acquiring 148,107 shares of Class A Common Stock in the form of restricted stock units (RSUs).
• These RSUs were granted pursuant to Rule 16b-3(d) under the Securities Exchange Act of 1934.
• The RSUs will vest as follows: 1/4th on February 26, 2025, and the remaining RSUs in 12 equal quarterly installments commencing May 26, 2025, subject to continued service to the Issuer.
• Following the transaction, Lauria directly owns 260,423 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of RSUs is a standard practice and aligns executive interests with shareholders. It indicates confidence in the company's future performance.

Positives

• The grant of RSUs aligns the executive's interests with the long-term performance of the company.
• Continued service is required for the RSUs to vest, incentivizing the executive to remain with the company.

Risks

• The value of the RSUs is dependent on the future stock price of Wheels Up Experience Inc., which is subject to market fluctuations.
• If the Reporting Person ceases to be employed by the Issuer, unvested RSUs will be forfeited.

Future Outlook

The executive's compensation is tied to the company's stock performance, incentivizing efforts to increase shareholder value.

Industry Context

Executive compensation packages often include stock-based awards to align management's interests with those of shareholders. This Form 4 filing reflects a standard practice in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to incentivize executives.
• The vesting schedule of the RSUs (1/4th initially, then quarterly) is a typical structure to ensure long-term commitment.
• Companies like Delta Air Lines and JetBlue also use stock options and RSUs as part of their executive compensation packages.

Stakeholder Impact

• Shareholders: Aligns executive interests with shareholder value.
• Employees: May boost morale by demonstrating confidence in the company's future.
• Executive: Provides incentive for long-term performance and commitment.

Key Dates