Form 4: Upbound Group CEO Mitchell Fadel Reports Stock Transactions
SEC Form 4 Filing
Mitchell E. Fadel, CEO of Upbound Group, reports acquisition and disposal of common stock related to vesting of restricted stock units.
Summary
- On February 26, 2024, Mitchell E. Fadel, the CEO of Upbound Group, acquired 44,749 shares of common stock.
- These shares were acquired at a price of $0.
- Between February 24 and February 26, 2024, Fadel disposed of a total of 16,251 shares to cover taxes related to vesting restricted stock units.
- The prices for disposed shares ranged from $33.8 to $34.16.
- Following these transactions, Fadel beneficially owns 723,142 shares of Upbound Group, Inc.
- This number includes shares of common stock and unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common and required by the SEC.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Grant date of time-based restricted stock units related to shares withheld on February 24, 2024. |
| 02/25/2022 | Grant date of time-based restricted stock units related to shares withheld on February 25, 2024. |
| 02/26/2021 | Grant date of time-based restricted stock units related to shares withheld on February 26, 2024. |
| 02/24/2024 | Date of first transaction: Disposal of 6,693 shares to cover taxes. |
| 02/25/2024 | Date of second transaction: Disposal of 6,215 shares to cover taxes. |
| 02/26/2024 | Date of third transaction: Acquisition of 44,749 shares and disposal of 3,343 shares to cover taxes. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.