Wheels Up COO Thomas Bergeson to retire Aug 17, 2022; receives $495K severance

Wheels Up Experience Inc.

COO Thomas Bergeson of Wheels Up Partners LLC will retire on August 17, 2022.
Separation agreement provides lump sum of $495,000 (12 months base salary) and $20,000 relocation.
Eligible for 2022 annual bonus at target of 100% base salary, paid in lump sum with other execs.
Equity awards that would vest within 13 months post-separation become fully vested on Separation Date.
COBRA premiums paid for 12 months; stock option exercise period extended to 5 years.

item 5.02 item 9.01

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Departed

Thomas Bergeson

Chief Operating Officer

UP · Wheels Up Experience Inc.

Effective: 2022-08-17
Filed: July 15, 2022, 7:59 PM ET

On July 15, 2022, Wheels Up Experience Inc., a Delaware corporation (the “Company”) announced that Thomas Bergeson, Chief Operating Officer of Wheels Up Partners LLC, a wholly-owned subsidiary of the Company (“WUP”), will retire on August 17, 2022 (the “Separation Date”).

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Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas Bergeson departed as Chief Operating Officer at Wheels Up Experience Inc..

Action: will retire
Role: Chief Operating Officer

Exact text from the filing

On July 15, 2022, Wheels Up Experience Inc., a Delaware corporation (the “Company”) announced that Thomas Bergeson, Chief Operating Officer of Wheels Up Partners LLC, a wholly-owned subsidiary of the Company (“WUP”), will retire on August 17, 2022 (the “Separation Date”).

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Wheels Up Experience Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-080203

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