# Wheels Up Experience Inc. (WSUPW) — management_change/board [announced]
Source: sec.gov · situation sit_fbe33de6f144c6d59cf1 · public 6233412705116808648 · retrieved 2026-08-20T13:16:17.841Z

## Overview
Wheels Up Experience Inc. is an air transportation company providing nonscheduled aviation services.

On August 10, 2026, Wheels Up Experience Inc. and Chief Sales Officer Mark Briffa agreed to his departure, with Mr. Briffa remaining through September 1, 2026 to transition duties. On August 12, 2026, Air Partner Limited (a subsidiary) and Mr. Briffa executed a Settlement Agreement providing for: (1) continued salary through December 31, 2026; (2) aggregate cash severance and benefits payments of £378,354.82 (less deductions), payable after the Separation Date upon satisfaction of conditions; (3) payment for accrued but untaken holidays; (4) a full-year 2026 bonus subject to performance metrics, payable in 2027; (5) capped reimbursements for legal fees (up to £5,000 plus VAT) and outplacement support (up to £25,000 plus VAT); and (6) continued vesting of certain restricted stock units and performance-based restricted stock units scheduled to vest through September 1, 2027, with all other equity awards forfeited. The Agreement includes a general release of claims and confirms that non-solicitation, non-disparagement, and confidentiality covenants will continue post-separation.

## Terms
- Counterparty: Mark Briffa · Consideration: cash

## Key dates
- Announced 2026-08-14

## Timeline
- 2026-08-14 · 8-K (0001628280-26-057181): 8-K - Wheels Up Experience Inc. — *Wheels Up Experience Inc. is an air transportation company providing nonscheduled aviation services.* On August 10, 2026, Wheels Up Experience Inc. and Chief Sales Officer Mark Briffa agreed to his departure, with Mr. Briffa remaining through September 1, 2026 to transition duties. On August 12, 2026, Air Partner Limited (a subsidiary) and Mr. Briffa executed a Settlement Agreement providing for: (1) continued salary through December 31, 2026; (2) aggregate cash severance and benefits payments of £378,354.82 (less deductions), payable after the Separation Date upon satisfaction of conditions; (3) payment for accrued but untaken holidays; (4) a full-year 2026 bonus subject to performance metrics, payable in 2027; (5) capped reimbursements for legal fees (up to £5,000 plus VAT) and outplacement support (up to £25,000 plus VAT); and (6) continued vesting of certain restricted stock units and performance-based restricted stock units scheduled to vest through September 1, 2027, with all other equity awards forfeited. The Agreement includes a general release of claims and confirms that non-solicitation, non-disparagement, and confidentiality covenants will continue post-separation.
  https://www.sec.gov/Archives/edgar/data/1819516/0001628280-26-057181.txt

## Citations
- 0001628280-26-057181 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000162828026057181