Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 119

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 119
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 to the timing of such deposits, the total number of hours reflected in the table above may differ from the number of hours to which they are entitled for the Board service year, which has historically started in early June after completion of the Company’s annual meeting of stockholders. Flight hours used as reflected in the table above may exceed flight hours awarded in 2024, because certain directors used flight hours carried over from past years. Non-Compensated Directors did not receive flight hours during 2024 and are not listed in the table above. Directors that ceased to serve on the Board during 2024 are permitted to continue using flight hours awarded prior to the date of resignation so long as the former director remains a member in good standing under a Wheels Up membership program. For more information, see “Executive Compensation—Narrative Disclosure to Summary Compensation Table—Perquisites and Other Benefits—Aircraft Use” below. |

| (4) | As of December 31, 2024, unvested equity incentive awards granted to Mr. Armstrong consisted of 43,533 RSUs granted on June 6, 2024 under the Amended and Restated 2021 LTIP, of which 21,766 RSUs vested on March 6, 2025 and the remaining 21,767 RSUs are scheduled to vest on June 6, 2025, subject to continued service through such vesting date. |

| (5) | Each of Messrs. Bellemare, Cantor, Davis, James, Janki, Klein, Lazar, Nedelman and Zirkin were Non-Compensated Directors during 2024. |

| (6) | Effective March 1, 2024, Mr. Nedelman resigned from the Board and Mr. Klein was appointed to the Board. Effective August 7, 2024, Mr. Adelman resigned from the Board and Mr. Summe was appointed to the Board. Any annual cash retainer compensation paid to the foregoing directors for their service on the Board in 2024 was prorated monthly based on the term of service during the year. |

| (7) | As of December 31, 2024, unvested equity incentive awards granted to Mr. Moak consisted of 43,533 RSUs granted on June 6, 2024 under the Amended and Restated 2021 LTIP, of which 21,766 RSUs vested on March 6, 2025 and the remaining