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United Airlines Holdings, Inc.·4

Mar 3, 6:02 PM ET

Leskinen Michael D. 4

Research Summary

AI-generated summary

Updated

United Airlines (UAL) CFO Michael Leskinen Receives RSUs; Shares Withheld

What Happened

  • Michael D. Leskinen, Chief Financial Officer of United Airlines Holdings, reported the vesting/conversion of restricted stock units (RSUs) on February 28, 2026. A total of 24,024 shares were issued upon vesting (recorded as derivative conversions/exercises at $0.00), and 10,642 of those shares were withheld to satisfy tax withholding obligations. The withholding is reported as a disposition valued at $106.30 per share, totaling $1,131,245.
  • Transaction codes: M = exercise/conversion of derivative (RSU settlement into shares), F = payment of exercise price or tax liability (here, share withholding to cover taxes). The Form 4 was filed March 3, 2026 reporting the Feb 28 transactions.

Key Details

  • Transaction date: February 28, 2026 (Form 4 filed March 3, 2026).
  • Shares issued on vesting: 24,024 total (breakdown per line: 838; 6,212; 10,579; 6,395).
  • Shares withheld for taxes: 10,642 shares at $106.30 each = $1,131,245.
  • Exercise/price: $0.00 per share for the RSU settlements (typical for RSUs — no cash exercise price).
  • Footnotes: Vesting arose from multiple RSU grants (grants dated Apr 4, 2023; Sep 25, 2023; Feb 29, 2024; Feb 28, 2025) that vest in one‑third annual installments; F6 specifically notes shares were withheld to satisfy tax withholding. F8 confirms each RSU converts to one share on vesting.
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Filing timeliness: Form 4 filed March 3, 2026 reporting the Feb 28, 2026 vesting (no late‑filing flag provided in the excerpt).

Context

  • This is a routine compensation event: RSUs vested and converted to common shares, and a portion was withheld to cover tax obligations (not an open‑market sale). Such withholding is common and does not necessarily indicate a deliberate "sell" decision by the insider.
  • For retail investors: RSU vesting increases insider share holdings (net of withheld shares) and is compensation-based rather than a purchase. The reported $1.13M reflects the tax withholding value, not proceeds from an open‑market sale.