Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 116

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 116
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 the Company’s annual meeting of stockholders and ends on the day immediately preceding the next annual meeting of stockholders. Any flight hours not utilized in the year in which granted may be carried over to subsequent years, including after the resignation of a director so long as the former director remains a member in good standing under a Wheels Up membership program. In addition, we reimburse directors for reasonable and necessary out-of-pocket expenses incurred in attending Board and committee meetings or performing other services in their capacities as directors. For purposes of attending Board or committee meetings, directors may also use Company aircraft or receive reimbursement for other travel methods.

| 62Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS

DIRECTOR COMPENSATION (continued) Board Aircraft Services Given the nature of our business, we expect our directors to utilize our services for personal benefit as a way to help promote, increase and maintain the Wheels Up brand. Accordingly, we allow all directors to acquire Wheels Up’s products and services, including additional flight hours, aircraft purchase commissions and aircraft management services, at a price determined by the Board, but at amounts we calculate to be not less than the then-current direct operating cost to us. Prior to the sale of our aircraft management business in September 2023, the Board previously authorized us to offer aircraft management services to directors. Director Compensation Table The following table provides compensation information for each director of the Board, except Mr. Mattson, our Chief Executive Officer, during the year ended December 31, 2024. The Non-Compensated Directors did not receive any compensation for their service as directors in 2024. Compensation information for Mr. Mattson, who is not compensated for his role as a director, is included under “ Executive Compensation—Summary Compensation Table” below.

| Name                                                        
 Directors that Served on the Board as of December 31, 2024: |     | Fees earned or 
   paid in cash 
         ($)(1) |     |       Stock 
      awards 
      ($)(2) |     |           All other 
 compensation ($)(3) |     |    Total 
      ($) |
|:------------------------------------------------------------|:----|---------------:|:----|------------:|:----|--------------------:|:----|---------:|
| Timothy Armstrong(4)                                        |     |         50,000 |     |     500,928 |     |            ​189,322 |     | ​740,250 |
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