Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 163

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 163
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 (ii) the 15,000,000 shares of Common Stock potentially issuable upon vesting, if at all, under the CCO Performance Plan and (iii) 12,000,000 shares of Common Stock potentially issuable upon vesting, if at all, under the CFO Performance Plan, in each case that the Company’s stockholders are being requested to approve for issuance under the applicable plan at the Annual Meeting. |

| (5) | Consists of the WUP Option Plan. All awards made under the WUP Option Plan were made prior to the closing of, and were assumed by the Company in connection with, the Business Combination. No further awards may be made under the WUP Option Plan. |

| (6) | Consists of 825,727 stock options to purchase up to 825,727 shares of Common Stock under the WUP Option Plan. |

| (7) | Reflects the weighted-average exercise price of outstanding stock options under the WUP Option Plan as of December 31, 2024. The calculation of the weighted-average exercise price does not include outstanding equity awards that are received or exercised for no consideration. As of December 31, 2024, the weighted average remaining contractual term of outstanding and exercisable stock options under the WUP Option Plan was approximately 4.2 years, and the weighted average remaining contractual term of outstanding and exercisable stock options under both the Amended and Restated 2021 LTIP and WUP Option Plan was approximately 4.1 years. |

For descriptions of the Company’s equity compensation plans, see Note 11, Stockholders’ Equity and Equity-Based Compensation of the Notes to Consolidated Financial Statements included in Part II, Item 8 “Financial Statements and Supplementary Data” in our 2024 Form 10-K.

| Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders85 |

TABLE OF CONTENTS

Pay Versus Performance As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid (“CAP”) and the Company’s financial performance. Required Tabular Disclosure of Compensation Actually Paid Versus Performance The following table provides information on CAP for each person who served as our principal executive officer (“PEO”) and (on average) our non-PEO named executive officers (“non-PEO NEOs”) for the years ended December