Enqvist Torbjorn J 4
4 · United Airlines Holdings, Inc. · Filed Jul 28, 2026
Research Summary
AI-generated summary of this filing
United Airlines EVP Torbjorn Enqvist Sells 20,000 Shares, Receives Award
What Happened
Torbjorn J. Enqvist, Executive Vice President & Chief Operations Officer of United Airlines Holdings (UAL), sold 20,000 shares in an open-market transaction on July 24, 2026 for a total of about $2,398,200 (weighted average price $119.91). On July 25, 2026 he received 24,971 shares upon settlement of performance-based restricted stock units (PB RSUs) granted in 2024; 9,825 of those shares were withheld to satisfy tax-withholding obligations (withheld at a price of $118.27, representing proceeds of about $1,162,003). The transactions are mostly routine: a sale plus an award/settlement with tax withholding.
Key Details
- Sale (S): 20,000 shares sold 2026-07-24, weighted avg price reported $119.91, total proceeds ≈ $2,398,200. Footnote: sale prices ranged from $119.86–$119.95 across multiple trades.
- Award (A): 24,971 shares acquired 2026-07-25 upon settlement of PB RSUs granted in 2024 (value recorded as $0 in the filing because these are awards settling into stock).
- Tax withholding (F): 9,825 shares withheld on 2026-07-25 at $118.27 to cover taxes, proceeds ≈ $1,162,003.
- Shares owned after the reported transactions: not disclosed in this Form 4.
- Filing: Form 4 filed 2026-07-28 (reporting period 2026-07-24); filing appears timely under the two-business-day rule.
- Transaction codes: S = sale, A = award/grant, F = tax-withholding (share withholding).
Context
PB RSUs are performance-based restricted stock units that convert to shares when vesting conditions are met; withholding of shares to cover taxes is common and does not necessarily signal a change in view on the company. The sale on 7/24 was an open-market disposition; the award and withholding on 7/25 reflect routine settlement and tax obligations rather than a cash exercise of options. All statements above are factual summaries of the Form 4 — they do not attempt to infer motivation.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-07-24$119.91/sh−20,000$2,398,200→ 114,800 total - Award
Common Stock
[F2]2026-07-25+24,971→ 139,771 total - Tax Payment
Common Stock
[F3]2026-07-25$118.27/sh−9,825$1,162,003→ 129,946 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $119.86 to $119.95, inclusive. The reporting person undertakes to provide to United Airlines Holdings, Inc., any security holder of United Airlines Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
- [F2]Represents shares of UAL common stock acquired upon the settlement of performance-based restricted stock units ("PB RSUs") granted to the reporting person in 2024.
- [F3]This transaction represents the withholding of shares to pay tax withholding obligations associated with the settlement of the PB RSU awards referenced in footnote 1, above.