ESOPJun 10, 2026, 04:23 PM
Wheels Up Stockholders Approve LTIP Amendment, Adding 3.75M Shares
AI Summary
Wheels Up Experience Inc. stockholders approved an amendment to the 2021 Long-Term Incentive Plan (LTIP) at its Annual Meeting on June 9, 2026. The amendment increases the aggregate number of Class A common shares available for awards by 3,750,000 (post-reverse stock split) to a total of 6,757,484 shares and extends the plan's termination date to March 31, 2036. Additionally, stockholders elected four Class II directors, approved named executive officer compensation for fiscal year 2025, and ratified Grant Thornton LLP as the independent auditor for fiscal year 2026.
Key Highlights
- Stockholders approved LTIP Amendment, increasing shares for awards by 3,750,000.
- Total shares available under LTIP now 6,757,484 (post-Reverse Stock Split).
- LTIP termination date extended to March 31, 2036.
- Four Class II directors elected to serve until the 2029 annual meeting.
- Named executive officer compensation for FY2025 approved.
- Grant Thornton LLP ratified as independent auditor for FY2026.
- Annual Meeting quorum met with 92.6% of shares outstanding present.
Price Impact
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