Company: UP
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001140361-25-015477
Chunk: 160

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 160
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 of base salary and annual incentive bonus as severance payments, and (b) accelerated vesting of all unvested equity incentive awards. The terms of our named executive officers’ employment agreements and offer letters may contain additional or different terms that apply in such scenarios. In addition to, or in lieu of, any terms applicable to a named executive officer under an employment agreement or offer letter, our equity incentive plans or the Severance Guidelines, the Compensation Committee and the Board have the discretion to provide for alternate compensation or severance arrangements with named executive officers in connection with their separation of employment. These compensation or severance arrangements may include, but are not limited to, cash compensation in lieu of salary, bonus or other compensable payments for a period of time after separation of employment, accelerated vesting of outstanding unvested equity awards, the extension of the exercise period for stock options, the allocation of flight hours on Company aircraft and/or post-separation consulting arrangements. Because any such compensation or severance arrangements are not pursuant to the terms of any outstanding contract, arrangement or plan covering such named executive officer, no named executive officer is entitled to such payments unless approved by the Compensation Committee and agreed to in writing by the Company. Other Potential Payments or Benefits In addition, under certain circumstances, our named executive officers may be entitled to receive, or elect to receive, certain benefits or payments that are generally available to all Wheels Up employees on a non-discriminatory basis, such as payment of retirement, disability and death benefits. We have not provided information for such applicable contracts, agreements, plans or arrangements, because they are available generally to all employees and do not discriminate in scope, terms or operation, in favor of our named executive officers.

| 84Wheels Up Experience Inc.Proxy Statement and Notice of 2025 Annual Meeting of Stockholders |

TABLE OF CONTENTS

Equity Compensation Plan Information The following table provides information on our equity compensation plans as of December 31, 2024:

| Plan Category                                                 |     | Number of         
 securities to     
 be issued upon    
 exercise          
 of outstanding    
 options, warrants 
 and rights        |     | Weighted-         
 average exercise  
 price of          
 outstanding       
 options, warrants 
 and rights        |     | Number of       
 securities      
 remaining       
 available for   
 future issuance 
 under equity    
 compensation    
 plans           
 (excluding      
 securities      
 reflected in    
 column (a))     |
|                                                               |     | -a                |     | -b                |     | -c              |
| Equity compensation