Form 4: Upbound Group CEO Mitchell Fadel Reports Stock Transactions
SEC Form 4 Filing
Upbound Group's CEO, Mitchell E. Fadel, reports acquisition and disposal of company stock related to vesting of restricted stock units and tax withholdings.
Summary
- Mitchell E. Fadel, CEO of Upbound Group, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 24, 2025, Fadel acquired 59,793 shares of common stock at $26.56 per share, related to restricted stock units vesting.
- Also on February 24, 2025, 6,701 shares were disposed of at $26.56 per share to cover taxes related to vested restricted stock units.
- On February 25, 2025, 6,215 shares were disposed of at $26.45 per share to cover taxes related to vested restricted stock units.
- On February 26, 2025, 5,870 shares were disposed of at $27.33 per share to cover taxes related to vested restricted stock units.
- Following these transactions, Fadel directly owns 829,689 shares of Upbound Group common stock and indirectly owns 1,152 shares through the Company 401(k) Plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of shares through vesting of restricted stock units indicates confidence in the company's future performance.
Future Outlook
The restricted stock units vest annually in one-third increments on February 24 of each of the next three years, contingent upon continuous employment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Grant date of restricted stock units related to tax witholding on 02/24/2025. |
| 02/25/2022 | Grant date of restricted stock units related to tax witholding on 02/25/2025. |
| 02/26/2024 | Grant date of restricted stock units related to tax witholding on 02/26/2025. |
| 02/24/2025 | Acquisition of 59,793 shares and disposal of 6,701 shares to cover taxes. |
| 02/25/2025 | Disposal of 6,215 shares to cover taxes. |
| 02/26/2025 | Disposal of 5,870 shares to cover taxes. |
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