Brett J. Hart - 28 Feb 2023 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
President
Signature
/s/ Sarah Hagy for Brett J. Hart
Issuer symbol
UAL
Transactions as of
28 Feb 2023
Net transactions value
-$1,116,049
Form type
4
Filing time
02 Mar 2023, 16:35:48 UTC
Previous filing
06 Feb 2023
Next filing
06 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +13,755 +11% $0.000000 135,242 28 Feb 2023 Direct F1, F2
transaction UAL Common Stock Options Exercise $0 +5,311 +3.9% $0.000000 140,553 28 Feb 2023 Direct F1, F3
transaction UAL Common Stock Options Exercise $0 +29,430 +21% $0.000000 169,983 28 Feb 2023 Direct F1, F4
transaction UAL Common Stock Tax liability $1,116,049 -21,479 -13% $51.96 148,504 28 Feb 2023 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UAL Restricted Stock Units Options Exercise $0 -13,755 -33% $0.000000 27,511 28 Feb 2023 Common Stock 13,755 Direct F1, F2, F6
transaction UAL Restricted Stock Units Options Exercise $0 -5,311 -100% $0.000000* 0 28 Feb 2023 Common Stock 5,311 Direct F1, F3, F6
transaction UAL Restricted Stock Units Options Exercise $0 -29,430 -100% $0.000000* 0 28 Feb 2023 Common Stock 29,430 Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the settlement upon vesting of restricted stock units ("RSUs") into UAL common stock.
F2 The RSUs were granted on March 7, 2022 and May 25, 2022 and vest in 1/3 annual installments on February 28, 2023, 2024 and 2025.
F3 The RSUs were granted on May 27, 2021 and vest in four installments on August 31, 2021, February 28, 2022, August 31, 2022 and on February 28, 2023.
F4 The RSUs were granted on February 21, 2020 and May 21, 2020 and vest in 1/3 annual installments on February 28, 2021, 2022 and 2023.
F5 This transaction represents the withholding of shares to pay tax withholding obligations associated with the vesting of the RSU awards referenced in footnotes 2 - 4, above.
F6 Each RSU represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.