Company: UP
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001140361-25-011647
Chunk: 168

Company: Wheels Up Experience Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 168
---
     | $—         |     | + |     |           $— |     | + |     | $—          |     | — |     |           $— |     | = |     |     $(195,123) |
| 2022 |     |        $341,132 |     | + |     | $(209,308)   |     | + |     | $(747,408)  |     | + |     | $—         |     | + |     |     $191,383 |     | + |     | $—          |     | — |     |     $314,844 |     | = |     |     $(739,045) |

| (9) | Pursuant to SEC rules, the TSR amount for 2024 assumes an initial investment of $100 on December 31, 2021 through and including December 31, 2024. |

| (10) | Reflects Net income (loss) attributable to Wheels Up stockholders prepared in accordance with U.S. GAAP as shown in Wheels Up’s consolidated statements of operations for each of the periods reflected in the table as set forth in our Annual Reports on Form 10-K for the years ended December 31, 2024, 2023 and 2022, as applicable. |

Relationship Between Compensation Actually Paid and Financial Performance Measures We do not currently use TSR or Net income (loss) to make compensation decisions for our PEO or non-PEO NEOs. CAP to our PEO was relatively lower in 2024 compared to 2023, primarily as a result of the grant of the CEO Performance Plan in 2023 and no grants of equity incentive awards to our PEO in 2024, as well as the decrease in the price per share of our Common Stock from December 31, 2023 to December 31, 2024, which resulted in a significant decrease in the fair value of the CEO Performance Plan. Average CAP to our non-PEO NEOs was relatively higher in 2024 compared to each of 2023 and 2022, primarily due to the grant of the CCO Performance Plan in 2024, which is a multi-year, one-time performance award granted in lieu of future equity compensation grants. Our TSR was lower in 2024 compared to 2023 and 2022. The CEO Performance Plan and CCO Performance Plan are multi-year, one-time performance awards that will vest, if at all