secwatch.observer — SEC 8-K summary
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Issuer:     Wheels Up Experience Inc. (UP)
CIK:        0001819516
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001819516-24-000036
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wheels Up stockholders approve LTIP share increase to 30.1M; CEO/CFO performance awards up to 93M shares
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- LTIP share pool increased from 5.15M to 30.15M shares; plan extended to 2034.
- CEO George Mattson granted up to 73M shares in performance award; CFO Todd Smith up to 20M shares.
- All four Class III director nominees reelected with >98% votes for each.
- EVP Mark Briffa gets new Sales Incentive Award based on Charter Sales Adjusted EBITDA goals for 2024-2026.
- Grant Thornton LLP ratified as independent auditor for FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819516/000181951624000036/0001819516-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819516/000181951624000036/up-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001819516-24-000036

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