secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2022-07-15T23:59:59+00:00
Accession:  0001104659-22-080203
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465922080203/0001104659-22-080203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465922080203/tm2221034d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-080203

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