UP.NYSEWheels Up Experience INC

Form 4: Wheels Up Experience Inc. Interim CFO Reports Tax Liability Share Withholding

Sentiment:

SEC Form 4 Filing

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Eric Cabezas, Interim CFO of Wheels Up Experience Inc., reports the withholding of 1,142 shares to cover tax liabilities arising from vested restricted stock units.

Summary

  • On February 18, 2025, Eric Cabezas, the Interim CFO of Wheels Up Experience Inc., had 1,142 shares of Class A Common Stock withheld to cover tax liabilities.
  • These liabilities arose from the vesting of restricted stock units previously reported on September 11, 2024.
  • Following the transaction, Cabezas directly owns 324,728 shares of Wheels Up Experience Inc.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices and doesn't indicate positive or negative sentiment.

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 broader industry trends but provides transparency into executive equity holdings.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates

DateDescription
September 11, 2024Date of original Form 3 filing reporting restricted stock units.
February 18, 2025Date of share withholding for tax liability.
February 19, 2025Date of signature for the Form 4 filing.

Keywords

Form 4, Wheels Up Experience Inc., Eric Cabezas, Interim CFO, Share Withholding, Tax Liability, Class A Common Stock, Restricted Stock Units

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