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United Airlines Holdings, Inc.·4

Mar 3, 6:02 PM ET

KIRBY J SCOTT 4

Research Summary

AI-generated summary

Updated

United Airlines (UAL) CEO Kirby Scott Receives RSUs; Withholds Shares

What Happened

  • Kirby J. Scott, Chief Executive Officer of United Airlines Holdings, reported the vesting/settlement of 129,435 restricted stock units (RSUs) on February 28, 2026. Of those, 50,933 shares were withheld to satisfy tax-withholding obligations at $106.30 per share (proceeds = $5,414,178). The remaining shares (net +78,502) were delivered to Mr. Scott.
  • The filing shows the RSU settlement (reported as derivative conversions/exercises) at $0.00 per share (typical for RSU vesting) and the withholding transaction reported as a disposition at $106.30 per share.

Key Details

  • Transaction date: February 28, 2026; Form 4 filed March 3, 2026 (timely within the two-business-day reporting window).
  • Reported entries: 129,435 shares acquired on conversion/settlement of RSUs (three awards), 50,933 shares disposed to cover taxes at $106.30 (total $5,414,178).
  • Net new shares delivered to Mr. Scott after withholding: 78,502 shares (129,435 vested − 50,933 withheld).
  • Shares owned after transaction: not specified in the items you provided.
  • Footnotes of note:
    • F2–F4: The RSUs were granted in 2023, 2024 and 2025 and vest in one-third annual installments; this transaction reflects the February 28, 2026 installment.
    • F5: The 50,933-share disposition represents share withholding to satisfy tax obligations on the vested RSUs.
    • F6–F7: Some shares are held in family trusts; Mr. Scott disclaims beneficial ownership except to the extent of any pecuniary interest.
    • F8: Each RSU settles into one share of UAL common stock.
  • Transaction codes: M = exercise/conversion of derivative (used here for RSU settlement); F = tax withholding disposal.

Context

  • This is routine RSU vesting and share withholding for taxes — not an open-market sale or purchase. The reported withholding is a common, administrative step when equity awards vest.
  • Because the acquisition was RSU settlement (not a cash purchase), it should not be interpreted as a deliberate buy/sell signal by the insider beyond receipt of previously granted compensation.