Wheels Up Experience (UP) has issued an update.
Wheels Up Experience Inc. stockholders showed strong support at the 2024 Annual Meeting, approving significant amendments to the company’s Long-Term Incentive Plan, including a substantial increase of 25 million shares available for awards and an extension of the plan until 2034. Additionally, they reelected four directors, endorsed executive compensation, and ratified the appointment of an independent accounting firm. Shareholders also authorized up to 73 million and 20 million shares for CEO and CFO performance awards, respectively, contingent on meeting vesting conditions.
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