leadership
confidence high
sentiment neutral
materiality 0.50
Wheels Up Experience amends interim CEO Todd Smith's compensation with RSU grant and salary increase
Wheels Up Experience Inc.
- Monthly salary increase of $12,500 for Todd Smith during his interim CEO tenure.
- Annual bonus target raised to 150% of base salary for the appointment period.
- One-time equity award of 140,171 restricted stock units, vesting on January 3, 2024.
- Compensation Committee approved changes on July 3, 2023.
- Smith continues as CFO and interim CEO; existing offer letter governs terms.