secwatch.observer — SEC 8-K summary
======================================

Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K/A
Filed at:   2023-07-03T23:59:59+00:00
Accession:  0001104659-23-077684
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up Experience amends interim CEO Todd Smith's compensation with RSU grant and salary increase
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923077684/0001104659-23-077684-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000110465923077684/tm2320455d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-077684

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer