Form 4: Upbound Group Director, Jeffrey J. Brown, Acquires Additional Deferred Stock Units
SEC Form 4 Filing
Director Jeffrey J. Brown reports acquisition of 2,774 deferred stock units in Upbound Group, Inc.
Summary
- On April 1, 2024, Jeffrey J. Brown, a director of Upbound Group, Inc. (UPBD), acquired 2,774 Director Deferred Stock Units.
- These units are fully vested and non-forfeitable, each representing the right to receive one share of Upbound Group's common stock upon termination of service as a board member.
- The price of the deferred stock unit was $35.21.
- Following this transaction, Brown directly owns 106,646 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder confidence, as it signals a director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Jeffrey J. Brown acquired Director Deferred Stock Units |
| 04/02/2024 | Date of report filing. |
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