Gebo Kate 4

What Happened

• Kate Gebo, EVP, Human Resources and Labor Relations at United Airlines (UAL), received performance-based restricted stock units (PB RSUs) that settled into 56,122 shares on Feb 13, 2026 (48,509 + 7,613; reported as acquisitions at $0.00).
• To cover tax withholding on the settlement, 22,436 shares were withheld/disposed (20,154 + 2,282) at $109.29 per share, generating proceeds of $2,202,631 and $249,400 respectively (total $2,452,031).
• This transaction is an award/settlement coupled with tax-withholding, not an open-market sale or purchase by the insider.

Key Details

• Transaction date: Feb 13, 2026; Form 4 filed Feb 18, 2026 (five days after the transactions). Note: SEC Form 4s are typically due within two business days after the transaction.
• Price used for withholding: $109.29 per share; withholding amounts: 20,154 shares ($2,202,631) and 2,282 shares ($249,400); total withheld value $2,452,031.
• Shares reported acquired (awarded): 56,122 PB RSUs (reported as acquisitions at $0.00).
• Net new shares received after withholding: 33,686 (56,122 awarded − 22,436 withheld).
• Footnotes: F1 indicates these are PB RSUs granted in 2023; F2 confirms the disposals represent share withholding to satisfy tax obligations; F3–F5 note some holdings are in revocable trusts and include spouse transactions.

Context

• This was a settlement of performance-based RSUs (award), with shares withheld to pay taxes — a routine administrative step (tax withholding) rather than an active sale for investment reasons.
• For retail investors, awards and subsequent tax-withholding are generally not a directional insider “buy” or “sell” signal; they reflect compensation vesting and payroll tax handling.