Form 4: Wheels Up Experience Inc. Interim CFO Reports Tax Liability Share Withholding
SEC Form 4 Filing
Eric Cabezas, Interim CFO of Wheels Up Experience Inc., reports the withholding of 2,746 shares to cover tax liabilities arising from vested restricted stock units.
Summary
- On February 24, 2025, Eric Cabezas, the Interim CFO of Wheels Up Experience Inc., had 2,746 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 this transaction, Cabezas directly owns 321,982 shares of Wheels Up Experience Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates that the CFO is managing their tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Original report of restricted stock units in Form 3. |
| 02/24/2025 | Date of transaction: Share withholding for tax liability. |
| 02/25/2025 | Date of signature on the Form 4 filing. |
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