Harford Barney 4

4 · United Airlines Holdings, Inc. · Filed May 22, 2026

AI-generated summary of this filing

Updated May 22, 2026

United Airlines (UAL) Director Barney Harford Receives 2,130 Share Units

What Happened

Barney Harford, a director of United Airlines Holdings, Inc. (UAL), received a grant of 2,130 share units on May 20, 2026. The grant is reported as a derivative award (acquisition code A) at $0.00 per unit, reflecting a compensation award rather than a market purchase. No immediate cash value is recorded in the filing because these are deferred/share-unit awards, not an open-market transaction.

Key Details

Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (appears timely, within the usual two-business-day window).
Amount: 2,130 share units granted; reported price: $0.00 (grant/award).
Shares owned after transaction: Not disclosed in this filing.
Footnotes of note:
- F1: Each share unit equals the economic equivalent of one common share. Upon vesting, settlement is 50% in cash (based on average high/low price at settlement) and 50% in shares; fractional units are settled in cash.
- F2: Additional share units will accrue when dividends are paid, based on the cash dividend amount converted into units by the stock price at the dividend date.
Transaction type: Award/grant of derivative share units (compensation), not an open-market buy or sale.

Context

This is a compensation award (common for directors) and should be read as part of routine incentive/retention arrangements rather than an immediate buy or sell signal. Because settlement is partly in stock, the grant will increase Harford’s eventual equity exposure if and when units vest and are converted into shares.

Form 4

Period: 2026-05-20

Director

Transactions

Award
Share Units
[F1][F2]
2026-05-20+2,130→ 2,130 total
From: 2027-05-20Exp: 2027-05-20→ Common Stock (2,130 underlying)

Footnotes (2)

[F1]Each share unit represents the economic equivalent of one share of common stock. Upon vesting, the share units are settled (i) 50% in cash based on average of the high and low sale prices of a share of the Company's common stock on the date of settlement (or the average of the high and low sale prices of the common stock on the preceding trading day if the settlement date is not a trading day) and (ii) 50% in shares of the Company's common stock, with any odd or fractional units rounded toward the share units to be settled in cash.
[F2]Additional share units accrue when and as dividends are paid on the Company's common stock. The number of share units accrued will be equal to the dollar amount of dividends that would be payable if the share units were actual shares of common stock, divided by the average of the high and low sale prices of a share of the Company's common stock on the date dividends are paid.

Signature

/s/ James Cotton for Barney Harford|2026-05-22

1 file