Form 4: Wheels Up Experience Inc. Executive Mark Briffa Reports Share Disposal for Tax Obligations
SEC Form 4
EVP Mark Briffa of Wheels Up Experience Inc. reports disposing of shares to cover tax liabilities arising from vested restricted stock units.
Summary
- On February 26, 2024, Mark Briffa, EVP, Charter & CEO Air Partner at Wheels Up Experience Inc., disposed of 4,957 shares of Class A Common Stock to cover tax obligations.
- The shares were withheld for payment of tax liability arising from the vesting of restricted stock units originally reported on June 2, 2023.
- Following the transaction, Briffa directly owns 64,060 shares of Wheels Up Experience Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of original Form 4 filing reporting restricted stock units. |
| February 26, 2024 | Date of transaction: disposal of shares for tax liability. |
| February 27, 2024 | Date of signature for the Form 4 filing. |
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