{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-028996","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2022-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:04:08.423453+00:00","generated_at":"2026-06-27T02:32:58.343151+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Wheels Up confirms Hegde promotion to President, boosts salary to $600k, grants 1.38M RSUs","bullets":["Vinayak Hegde promoted from EVP/Chief Marketplace Officer to President, effective Oct 5, 2021.","Base salary increased from $475,000 to $600,000 per year; one-time cash bonus of $25,846 for retroactive adjustment.","Annual target bonus raised from 100% to 125% of base salary; bonus guaranteed through May 5, 2022.","One-time equity award of 1,377,411 restricted stock units, vesting equally over three years.","Hegde allocated 15 light-cabin and 50 mid-cabin flight hours per year under executive flight plan."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-028996","json":"https://secwatch.observer/filing/0001104659-22-028996.json","markdown":"https://secwatch.observer/filing/0001104659-22-028996.md","text":"https://secwatch.observer/filing/0001104659-22-028996.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000110465922028996/0001104659-22-028996-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000110465922028996/tm228060d1_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T02:32:58.343151+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b1688bd57f","claim":"Vinayak Hegde changed role as President at Wheels Up Experience Inc..","evidence_excerpt":"confirms Mr. Hegde's previously announced promotion from EVP and Chief Marketplace Officer to President, effective October 5, 2021.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465922028996/0001104659-22-028996-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}