Leskinen Michael D. 4

What Happened

• Michael D. Leskinen, Chief Financial Officer of United Airlines Holdings, settled performance-based restricted stock units (PB RSUs) on Feb 13, 2026, resulting in the issuance of 28,337 shares (awarded at $0.00). To satisfy tax withholding obligations associated with the award, 11,220 shares were withheld/disposed at $109.29 per share, generating $1,226,234 in withholding value. Net shares delivered to Leskinen after withholding: 17,117 shares.

Key Details

• Transaction dates: settlement and withholding both reported for 2026-02-13; Form 4 filed 2026-02-18 (covers the Feb 13 event).
• Transaction types/codes: A = Award/Grant (28,337 shares @ $0.00); F = Tax withholding (11,220 shares @ $109.29, $1,226,234).
• Net new shares received: 28,337 awarded − 11,220 withheld = 17,117 net shares.
• Footnotes: F1 confirms these shares are PB RSUs granted in 2023; F2 explains withholding to cover tax obligations; F3 notes some shares are held in an account of the reporting person’s mother over which he holds power of attorney.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan or late-filing indication included in the provided data.

Context

• This was a settlement of performance-based RSUs, not an open-market buy or a voluntary sale. Withholding shares to satisfy taxes is a common administrative step when equity awards vest and does not necessarily signal a change in the insider’s market view.
• The withheld shares were effectively a cashless tax-withholding action: shares were not sold on the open market for investment reasons but used to satisfy tax obligations arising from the award.