Wheels Up CEO George Mattson starts Oct 2; compensation package set at $625k base, $1M target bonus

Wheels Up Experience Inc.

Base salary $625k; annual target bonus $1M (0-200% payout based on performance metrics).
One-time long-term incentive award value/terms to be agreed by Nov 1, 2023.
Housing allowance $100k for relocation to Atlanta, Georgia.
Severance: 12 months base salary continuation if terminated without cause or for good reason, plus bonus and health benefits.
Legal fee reimbursement up to $80k for negotiating employment agreement.

item 5.02 item 9.01

Executive movements

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Appointed

George N. Mattson

Chief Executive Officer

UP · Wheels Up Experience Inc.

Effective: 2023-10-02
Filed: October 6, 2023, 7:59 PM ET

on October 2, 2023, Mr. Mattson joined the Company as Chief Executive Officer

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

George N. Mattson was appointed as Chief Executive Officer at Wheels Up Experience Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

on October 2, 2023, Mr. Mattson joined the Company as Chief Executive Officer

View on SEC.gov

Wheels Up Experience Inc. filing history →

Source: SEC EDGAR

accession 0001819516-23-000051

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