Form 4: Upbound Group EVP Anthony Blasquez Reports Stock Transactions Following Vesting of Performance-Based Restricted Stock Units

Anthony Blasquez, EVP of RAC at Upbound Group, reports acquisition and disposal of common stock related to the vesting of performance-based restricted stock units.

Summary

• On February 11, 2025, Anthony Blasquez, EVP-RAC of Upbound Group, Inc., reported transactions involving the company's common stock.
• These transactions are related to the vesting of performance-based restricted stock units granted on February 25, 2022.
• The vesting was determined by the company's relative TSR (Total Shareholder Return) over a three-year period ending December 31, 2024.
• The TSR ranked in the 45th percentile, resulting in 75% of the performance-based restricted stock units vesting.
• Blasquez acquired 10,275 shares at a price of $29.50.
• 2,716 shares were withheld to cover taxes related to the vesting.
• Following the reported transactions, Blasquez beneficially owns 29,677 shares directly.
• He also indirectly owns 97 shares through the Company NQDC Plan and 959 shares through the Company 401(k) Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and doesn't indicate any significant positive or negative developments for the company.

Positives

• The vesting of performance-based restricted stock units suggests that the company achieved some level of performance relative to its peers.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of restricted stock units is a common form of executive compensation tied to company performance.

Stakeholder Impact

• The vesting of restricted stock units dilutes existing shareholders slightly.

Key Dates