---
schema_version: "secwatch.filing_event.v1"
accession: "0001819516-23-000051"
form_type: "8-K/A"
ticker: "UP"
cik: "0001819516"
company_name: "Wheels Up Experience Inc."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:34:44.063032+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001819516-23-000051
- form_type: 8-K/A
- ticker: UP
- cik: 0001819516
- company_name: Wheels Up Experience Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819516/000181951623000051/0001819516-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819516/000181951623000051/up-20230914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819516-23-000051
- JSON: https://secwatch.observer/filing/0001819516-23-000051.json
- Plain text: https://secwatch.observer/filing/0001819516-23-000051.txt

## Key facts
- Executive change
  George N. Mattson was appointed as Chief Executive Officer at Wheels Up Experience Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: on October 2, 2023, Mr. Mattson joined the Company as Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819516/000181951623000051/0001819516-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.