United Airlines (UAL) Proxy filing summary

Executive summary

• Annual Meeting scheduled for May 19, 2026, with virtual participation and voting options for shareholders.

• 2025 marked record financial and operational performance, including $3.4B net income, $59.1B revenue, and 181M passengers carried.

• Strategic focus on customer experience, innovation, sustainability, and operational excellence, with significant investments in fleet, technology, and infrastructure.

• Board and management emphasize safety, risk oversight, and active stakeholder engagement, including feedback on governance, compensation, and sustainability.

Voting matters and shareholder proposals

• Election of 11 director nominees for a one-year term, with majority voting standard in uncontested elections.

• Ratification of Ernst & Young LLP as independent auditor for fiscal year 2026.

• Advisory vote to approve executive compensation (Say-on-Pay), with Board recommending approval.

• Advisory vote on a shareholder proposal to allow action by written consent, with Board recommending a vote against.

Board of directors and corporate governance

• Board comprises 13 directors, including 10 independent nominees and representatives elected by ALPA and IAM unions.

• Directors bring diverse expertise in C-suite leadership, finance, global operations, risk management, and technology.

• Board refreshment practices ensure a mix of tenure and new perspectives; average tenure is 7.31 years.

• Separate Chairman and CEO roles, with independent Chairman overseeing governance.

• Annual Board and committee evaluations, robust stock ownership guidelines, and regular succession planning.

• Stockholders have rights to call special meetings and proxy access for director nominations.