ISAACSON WALTER 4

What Happened

• Walter Isaacson, a member of United Airlines Holdings, Inc.'s board (Director), was granted/credited 446.73 share units on 2026-03-31 as an award (transaction code A). The filing lists a $0.00 per-unit acquisition price (derivative award); these are deferred share units rather than an open‑market purchase or sale.
• The units represent deferred 2026 quarterly retainer fees elected by the reporting person under the Company's 2006 Director Equity Incentive Plan (DEIP) and will convert to common stock on a 1-for-1 basis and be settled in shares following the director’s separation from service.

Key Details

• Transaction date and price: 2026-03-31; 446.73 units at $0.00 per unit (award/derivative).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Units convert 1-for-1 into common stock.
  • F2: Units reflect deferral of 2026 quarterly retainer fees under the DEIP.
  • F3: Units will be settled in common stock upon separation from service.
• Filing timeliness: Form filed 2026-04-02 for a 2026-03-31 transaction; appears timely (Form 4 is generally due within two business days).

Context

• These deferred share units are compensation, not a market purchase—$0.00 per unit indicates they were awarded as fee deferral. Such director awards are routine and do not necessarily signal a personal market view. They will convert to actual shares later (per F1/F3) rather than being immediately sold or purchased in the open market.