Linda P. Jojo - Feb 28, 2023 Form 4 Insider Report for United Airlines Holdings, Inc. (UAL)

Role
EVP & Chief Customer Officer
Signature
/s/ Sarah Hagy for Linda P. Jojo
Stock symbol
UAL
Transactions as of
Feb 28, 2023
Transactions value $
-$588,863
Form type
4
Date filed
3/2/2023, 04:37 PM
Previous filing
Feb 23, 2023
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UAL Common Stock Options Exercise $0 +14K +16.28% $0.00 100K Feb 28, 2023 Direct F1, F2
transaction UAL Common Stock Options Exercise $0 +7.96K +7.95% $0.00 108K Feb 28, 2023 Direct F1, F3
transaction UAL Common Stock Options Exercise $0 +5.61K +5.19% $0.00 114K Feb 28, 2023 Direct F1, F4
transaction UAL Common Stock Tax liability -$589K -11.3K -9.97% $51.96 102K Feb 28, 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 -14K -33.33% $0.00 28K Feb 28, 2023 Common Stock 14K Direct F1, F2, F6
transaction UAL Restricted Stock Units Options Exercise $0 -7.96K -100% $0.00* 0 Feb 28, 2023 Common Stock 7.96K Direct F1, F3, F7
transaction UAL Restricted Stock Units Options Exercise $0 -5.61K -100% $0.00* 0 Feb 28, 2023 Common Stock 5.61K Direct F1, F4, F7
* 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 vest in 1/3 annual increments on February 28, 2023, February 28, 2024 and February 28, 2025.
F3 The RSUs were granted on March 1, 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 on granted on February 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 restricted stock unit RSU represents the economic equivalent of one share of UAL common stock and shall be settled in shares of UAL common stock upon vesting.
F7 Each RSU represents the economic equivalent of one share of UAL common stock and is settled in shares of UAL common stock upon vesting.