Leskinen Michael D. 4

What Happened

• Michael D. Leskinen, Chief Financial Officer of United Airlines Holdings, Inc. (UAL), was granted 20,501 restricted stock units (RSUs) on March 4, 2026. The Form 4 reports the acquisition as a grant/award (transaction code A) at a reported acquisition price of $0.00 (no cash paid). These RSUs are a deferred equity award (derivative) and will be settled in shares of UAL common stock upon vesting.

Key Details

• Transaction date: 2026-03-04; Filing date: 2026-03-06 (timely filed within the two-business-day window).
• Amount: 20,501 RSUs; Reported price: $0.00 (typical for compensated grants).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes: F1—each RSU equals the economic equivalent of one share and will be settled in UAL common stock on vesting; F2—the RSUs vest in three substantially equal annual installments on Feb 28, 2027, Feb 28, 2028 and Feb 28, 2029.
• Transaction type: Award/compensation (not an open-market purchase or sale).

Context

• RSU grants are a form of executive compensation and do not represent an immediate cash purchase or sale of shares. Because these awards vest over time, they are primarily a retention/compensation tool rather than a direct signal of insider buying or selling intent.