{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-055047","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.837751+00:00","generated_at":"2026-06-16T03:47:03.900615+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 CMO Lee Applbaum departs; receives $487K+ severance package","bullets":["Lee Applbaum, Chief Marketing Officer, left effective May 1, 2023, to pursue personal ventures.","Severance includes lump sum of $271,233 (8 months base salary) and additional $216,310 for flight-hour payout.","Eligible for 2023 annual bonus at 100% target for 4 months of service, subject to performance metrics.","Equity awards vesting for 12 months post-departure accelerated; COBRA premiums paid through Dec 31, 2023.","No replacement named; separation agreement includes non-disparagement and confidentiality."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-055047","json":"https://secwatch.observer/filing/0001104659-23-055047.json","markdown":"https://secwatch.observer/filing/0001104659-23-055047.md","text":"https://secwatch.observer/filing/0001104659-23-055047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923055047/0001104659-23-055047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923055047/tm2314240d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:47:03.900615+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":"076a49270c","claim":"Lee Applbaum departed as Chief Marketing Officer at Wheels Up Experience Inc..","evidence_excerpt":"Lee Applbaum, the Chief Marketing Officer of Wheels Up Partners LLC, an indirect subsidiary of the Company (“WUP”), departed the Company effective May 1, 2023","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1819516/000110465923055047/0001104659-23-055047-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"departed"},{"label":"Role","value":"Chief Marketing Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}