United Airlines Director Matthew Friend Defers Retainer into 347 Share Units
United Airlines Holdings, Inc.
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Filing Summary
United Airlines Holdings, Inc. ($UAL) Insider: Matthew Friend (Director) Type: Grant / Fee Deferral (Code A) Security: Share Units Amount: 347.1 units at $0.00 Post-Transaction Holdings: 11,715.7 units Date: September 30, 2026 Significance: Low (Routine quarterly director fee deferral)
Comprehensive Analysis
Executive Summary
On October 2, 2026, United Airlines Holdings, Inc. ($UAL) filed a Form 4 disclosing that Director Matthew Friend acquired 347.1 share units on September 30, 2026. This transaction represents an elective deferral of quarterly retainer fees into stock units under the company's 2006 Director Equity Incentive Plan (DEIP).
Transaction Details
- Reporting Owner: Matthew Friend
- Role: Director
- Security Transacted: Share Units (convertible into Common Stock 1-for-1)
- Transaction Code: A (Award / Acquisition)
- Quantity: 347.1 share units
- Stated Price: $0.00 (earned through retainer fee deferral)
- Post-Transaction Beneficial Ownership: 11,715.7 share units
- Settlement Terms: Share units settle into common stock on a 1-for-1 basis following separation from board service.
Market and Governance Assessment
- Nature of Transaction: Non-open-market, routine quarterly compensation election.
- Significance: Low. The acquisition reflects standard board compensation practices where retainer cash fees are converted into equity units rather than an active open-market purchase or sale.
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Important Disclaimer
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