Form 4: Upbound Group EVP, CHRO Transient C Taylor Reports Stock Transactions
SEC Form 4 Filing
Transient C Taylor, EVP, CHRO of Upbound Group, Inc., reports the acquisition and disposal of common stock related to vesting restricted stock units to cover tax obligations.
Summary
- On February 24, 2025, Transient C Taylor acquired 5,235 shares of Upbound Group, Inc. common stock at $26.56 per share.
- On the same day, 558 shares were disposed of at $26.56 to cover taxes related to vested restricted stock units.
- On February 25, 2025, 498 shares were disposed of at $26.45 to cover taxes related to vested restricted stock units.
- On February 26, 2025, 481 shares were disposed of at $27.33 to cover taxes related to vested restricted stock units.
- Following these transactions, Taylor directly owns 23,473 shares of Upbound Group, Inc. common stock.
- The reported transactions relate to the vesting of restricted stock units granted on February 24, 2023, February 25, 2022 and February 26, 2024, which vest annually in one-third increments.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine stock vesting and tax-related sales by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Grant date of time-based restricted stock units. |
| 02/24/2023 | Grant date of time-based restricted stock units. |
| 02/26/2024 | Grant date of time-based restricted stock units. |
| 02/24/2025 | Acquisition of 5,235 shares and disposal of 558 shares. |
| 02/25/2025 | Disposal of 498 shares. |
| 02/26/2025 | Disposal of 481 shares. |
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