Form 4: Upbound Group EVP, CHRO Transient C Taylor Reports Stock Transactions

Transient C Taylor, EVP, CHRO of Upbound Group, Inc., reports the withholding of shares to cover taxes related to vested restricted stock units.

Summary

• On July 1, 2024, Transient C Taylor, the EVP, CHRO of Upbound Group, Inc. (UPBD), had shares withheld to cover taxes related to vested restricted stock units.
• 2,574 shares were withheld at a price of $30.7 to cover taxes for restricted stock units that vested on July 1, 2024, after two years of employment from the grant date of July 1, 2022.
• An additional 259 shares were withheld at a price of $30.7 to cover taxes for restricted stock units that vested on July 1, 2024, after three years of employment from the grant date of July 1, 2021.
• Following these transactions, Taylor directly owns 29,614 shares of Upbound Group, Inc., which includes shares of common stock and unvested restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by a company executive; it doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like executives or directors, trade their company's stock; this provides transparency to the market.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related stock activity.

Key Dates