{"schema_version":"secwatch.filing_event.v1","accession":"0001819516-23-000063","form_type":"8-K","ticker":"UP","cik":"0001819516","company_name":"Wheels Up Experience Inc.","filed_at":"2023-12-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.665662+00:00","generated_at":"2026-06-07T19:30:29.815451+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":"CEO Mattson gets amended employment agreement and performance award tied to $390M term loan repayment","bullets":["Amended employment agreement grants CEO George Mattson up to 45 hrs/yr mid-cabin and 30 hrs/yr light-cabin aircraft for personal use; unused hours retained.","CEO receives $625K base salary, $1M target annual bonus based on revenue, adjusted EBITDA, and KPIs; 2023 bonus prorated.","Performance Award grants shares of Class A common stock linked to repayment or refinancing of $390M term loan before Sept 20, 2028.","Award vests 25% on each Sept 20 from 2024-2027; shares issued after Repayment Event based on formula using VWAP and investor returns.","Award is not under 2021 LTIP and requires stockholder approval; if not obtained, cash payment substitutes for shares."],"urls":{"canonical":"https://secwatch.observer/filing/0001819516-23-000063","json":"https://secwatch.observer/filing/0001819516-23-000063.json","markdown":"https://secwatch.observer/filing/0001819516-23-000063.md","text":"https://secwatch.observer/filing/0001819516-23-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1819516/000181951623000063/0001819516-23-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1819516/000181951623000063/up-20231130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T19:30:29.815451+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}