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NYSE: UP Wheels Up Experience Inc. 8-K

Wheels Up CSO Mark Briffa departing Sept 1; CDO assumes sales leadership on interim basis

Filed August 14, 2026 · Period ending August 10, 2026 · ~1 min read

2 key changes 1 section

Key Changes

  • medium

    Chief Sales Officer Mark Briffa departing effective September 1, 2026 after transition period; Chief Digital Officer David Godsman assumes interim leadership of global sales organization while retaining current role.

  • low

    Briffa receives continued salary through year-end, £378,355 severance payable after December 31 subject to conditions, full-year 2026 bonus based on board-approved metrics, and extended equity vesting through September 1, 2027.

Summary

Wheels Up disclosed the departure of Chief Sales Officer Mark Briffa, effective September 1, 2026, following a brief transition period. Chief Digital Officer David Godsman will lead the global sales organization on an interim basis while retaining his current responsibilities, working directly with Briffa to ensure continuity. The separation agreement provides Briffa with continued salary through December 31, 2026, aggregate severance and benefits of £378,355 payable after that date, eligibility for a full-year 2026 bonus subject to board-approved performance metrics, and extended vesting of equity awards scheduled to vest by September 1, 2027.

The dual-role interim arrangement for Godsman and the extended equity vesting period suggest the company is prioritizing a smooth handoff in the sales organization. The filing is a routine executive departure disclosure with no immediate operational concerns.

Section-by-Section Diff

Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation

~500 words

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.

2 Added
Show 2 minor / wording changes
Added Severance cash payments low

Added in current filing · verify on EDGAR →

The Agreement also provides for the payment to Mr. Briffa of: continued salary through December 31, 2026 (the “Separation Date”); aggregate cash lump sums of £378,354.82, less applicable deductions, representing severance and benefits payments, to be paid after the Separation Date upon the satisfaction of certain conditions by Mr. Briffa; a cash lump sum, less applicable deductions, for any accrued but untaken holidays as of the Separation Date; a full-year bonus under the Company’s annual discretionary cash bonus plan for 2026, subject to the application of bonus plan performance metrics approved by the Company’s Board of Directors, payable in 2027 consistent with the Company’s normal practice; and capped reimbursements for legal fees in connection with the Agreement and outplacement support agency fees.

Briffa will receive continued salary through December 31, 2026, plus aggregate severance and benefits of £378,354.82 payable after that date subject to certain conditions. He is also eligible for a full-year 2026 bonus based on board-approved performance metrics, payable in 2027, along with accrued holiday pay and capped legal and outplacement fee reimbursements.

Added Extended equity vesting low

Added in current filing · verify on EDGAR →

In addition, any restricted stock units or performance-based restricted stock units held by Mr. Briffa as of the Agreement date that were scheduled or eligible to vest by September 1, 2027 will continue to vest, if at all, in accordance with their original schedules until such date. All other equity compensation awards were forfeited.

Briffa's restricted stock units and performance-based restricted stock units scheduled to vest by September 1, 2027 will continue vesting on their original schedules. All other equity awards are forfeited. This extends vesting for approximately one year beyond his September 1, 2026 departure date.

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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 16, 2026 · How we verify