---
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"
generated_at: "2026-06-27T02:32:58.343151+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Wheels Up confirms Hegde promotion to President, boosts salary to $600k, grants 1.38M RSUs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-028996
- JSON: https://secwatch.observer/filing/0001104659-22-028996.json
- Plain text: https://secwatch.observer/filing/0001104659-22-028996.txt

## Key facts
- Executive change
  Vinayak Hegde changed role as President at Wheels Up Experience Inc..
  - Action: promoted
  - Role: President
  source text: confirms Mr. Hegde's previously announced promotion from EVP and Chief Marketplace Officer to President, effective October 5, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465922028996/0001104659-22-028996-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.