Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 163

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 163
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, as well as total stockholder return (“TSR”) and Net income (loss) metrics. CAP listed in each column (c) for persons who served as our PEO and column (e) for our non-PEO NEOs below is not equivalent to actual cash compensation or the value of equity compensation awards that vested during the applicable year. CAP includes, among other items, unpaid amounts of equity incentive compensation that may be realizable in future periods upon the satisfaction of certain performance- and/or service-based vesting conditions. As a result, the dollar amounts reflected do not fully represent the actual final amount of compensation earned or actually paid to persons who served as our PEO or non-PEO NEOs during the applicable years. With respect to CAP to Mr. Mattson for 2024 and 2023 and average CAP to our non-PEO NEOs for 2024, 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 CEO Performance Plan granted to Mr. Mattson, who served as our PEO for 2024 and 2023, and the CCO Performance Plan granted to Mr. Harvey and the Forfeited CFO Performance Plan granted to Mr. Smith, each of whom were non-PEO NEOs 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 
         for PEO 
 (Kenny Dichter) 
          ($)(1) |     |      Summary 
 Compensation 
  Table Total 
      for PEO 
 (Todd Smith) 
       ($)(2) |     |          Summary 
     Compensation 
      Table Total 
          for PEO 
 (George Mattson) 
           ($)(3) |     |    Compensation 
   Actually Paid 
          to PEO 
 (Kenny Dichter) 
          ($)(4) |     |  Compensation 
 Actually Paid 
        to PEO 
  (Todd Smith) 
        ($)(5) |     |     Compensation 
    Actually Paid 
           to PEO 
 (George Mattson) 
           ($)(6) |     |         Average 
         Summary 
    Compensation 
 Table Total for 
         non-PEO 
            NEOs 
          ($)(7) |     |