Ward Laysha 4

What Happened
Ward Laysha, a director of United Airlines Holdings, Inc. (UAL), was granted 432.77 share units on 2026-03-31 as an award (transaction code A). The units were reported at $0.00 (no cash exchanged at grant) and are derivative awards that convert to common stock on a 1-for-1 basis. This was a compensation deferral rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (timely filing).
• Instrument & amount: 432.77 share units granted; reported price $0.00 (derivative award).
• Reason: Represents the 2026 quarterly retainer fees elected to be deferred into a share account under the Company’s 2006 Director Equity Incentive Plan (DEIP).
• Settlement: Units convert 1-for-1 to common stock and will be settled in shares following the reporting person’s separation from service per DEIP.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This is a routine director compensation deferral (awarded share units) rather than a market purchase or sale, so it should be viewed as compensation-related rather than a direct signal of the director’s trading sentiment. The units are derivative awards that will be converted and delivered as common stock upon separation according to plan terms.