Form 4: Upbound Group EVP Fahmi Karam Reports Stock Transaction
SEC Form 4 Filing
Fahmi Karam, EVP and CFO of Upbound Group, reports the withholding of shares to cover taxes related to vested restricted stock units.
Summary
- On November 4, 2024, Fahmi Karam, the EVP and Chief Financial Officer of Upbound Group, Inc., had 8,870 shares of common stock withheld to cover taxes.
- This was related to the vesting of time-based restricted stock units.
- The vesting occurred upon completion of two years of continuous employment from the grant date of November 4, 2022.
- The price per share for the transaction was $29.46.
- Following the transaction, Karam beneficially owns 112,484 shares, including common stock and unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard tax withholding related to equity compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 11/04/2022 | Grant date of restricted stock units. |
| 11/04/2024 | Date of transaction: shares withheld for taxes as restricted stock units vested. |
| 11/06/2024 | Date of signature on the Form 4 filing. |
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