Form 4: Wheels Up Experience Inc. Executive Mark Briffa Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
EVP Mark Briffa of Wheels Up Experience Inc. disposed of 8,784 shares to cover tax liabilities arising from vesting restricted stock units.
Summary
- On September 9, 2024, Mark Briffa, EVP, Charter & CEO Air Partner at Wheels Up Experience Inc., disposed of 8,784 shares of Class A Common Stock.
- The shares were sold at a price of $1.97 per share.
- This transaction was to cover tax liabilities related to the vesting of restricted stock units previously reported on April 4, 2023.
- Following the transaction, Briffa directly owns 224,209 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to tax obligations; it doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's long-term outlook for the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 04/04/2023 | Date of original Form 4 filing reporting restricted stock units. |
| 09/09/2024 | Date of transaction: disposal of shares to cover tax liability. |
| 09/11/2024 | Date of signature on the Form 4 filing. |
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