---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-059432"
form_type: "8-K"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2022-05-12T23:59:59+00:00"
generated_at: "2026-06-25T19:08:17.394503+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Wheels Up CFO Eric Jacobs to depart May 18; Eric Cabezas appointed interim CFO

## Summary
- CFO Eric Jacobs departs effective May 18, 2022; external search for permanent CFO initiated.
- Eric Cabezas, SVP of Finance, named interim CFO; base salary $325,000, recommended 50,000 RSU award.
- Separation agreement: $495,000 lump sum; accelerated vesting of 316,519 restricted shares and 136,245 RSUs.
- Jacobs to advise for 12 months; receives 55 flight hours in 2022 plus COBRA premium coverage.
- Company engaged Russell Reynolds to conduct CFO search; Cabezas has held SVP Finance role since 2019.

## SEC filing metadata
- accession: 0001104659-22-059432
- form_type: 8-K
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2022-05-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000110465922059432/0001104659-22-059432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000110465922059432/tm2215337d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-059432
- JSON: https://secwatch.observer/filing/0001104659-22-059432.json
- Plain text: https://secwatch.observer/filing/0001104659-22-059432.txt

## Key facts
- Executive change
  Eric Jacobs departed as Chief Financial Officer and Principal Accounting Officer at Wheels Up Experience Inc..
  - Action: departed
  - Role: Chief Financial Officer and Principal Accounting Officer
  source text: On May 12, 2022, the Company and Eric Jacobs, the Company’s Chief Financial Officer and Principal Accounting Officer, announced Mr. Jacobs’ departure from the Company effective as of May 18, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465922059432/0001104659-22-059432-index.htm
- Executive change
  Eric Cabezas was appointed as interim Chief Financial Officer and principal accounting officer at Wheels Up Experience Inc..
  - Action: appointed
  - Role: interim Chief Financial Officer and principal accounting officer
  source text: Eric Cabezas, age 37, the Company’s Senior Vice President of Finance, will serve as interim Chief Financial Officer and principal accounting officer effective as of Mr. Jacobs’ departure.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000110465922059432/0001104659-22-059432-index.htm

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