Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 167

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 167
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 Eric Jacobs (former Chief Financial Officer), Eric Cabezas (Interim Chief Financial Officer during 2024 and 2022, and current Senior Vice President, Finance), Vinayak Hegde (former President) and Jason Horowitz (former Chief Business Officer). |

| (8) | CAP, as calculated in accordance with SEC rules, does not fully represent the actual final amount of compensation earned or actually paid during the applicable year. The value of average cash compensation and perquisites and other benefits paid to our non-PEO NEOs for 2024 was $862,795. The adjustments made to total compensation for each year to determine CAP for our non-PEO NEOs, which include, among other things, unpaid amounts of equity incentive compensation that may be realizable in future periods, are shown in the tables below and were calculated pursuant to applicable SEC rules. The price per share of our Common Stock is a significant driver of fluctuations in the fair value and ultimate payout under our equity incentive plans, including the CCO Performance Plan granted to Mr. Harvey, who was a non-PEO NEO for 2024. As a result, volatility in the price per share of our Common Stock has, and is expected to significantly impact CAP so long as such equity incentive rewards remain outstanding. |

| Year |     |      Summary 
 Compensation 
  Table Total 
          ($) |     |   |     | Grant Date Fair Value of 
           Awards Granted 
              During Year 
                   ($)(a) |     |   |     |    Fair Value of CAP 
 Calculated Using SEC 
          Methodology 
               ($)(b) |     |   |     |  CAP Total 
        ($) |
| 2024 |     |  $33,146,179 |     | — |     |              $32,209,949 |     | + |     |           $8,561,034 |     | = |     | $9,497,264 |
| 2023 |     |   $1,512,416 |     | — |     |                 $528,196 |     | + |     |           $(195,123) |     | = |     |   $789,098 |
| 2022 |     |   $3,008,812 |     | — |     |               $1,871,198 |     | + |     |           $(739,045) |     | = |     |   $398,569 |

| (a