Form 4: Upbound Group EVP Fahmi Karam Reports Stock Transactions

EVP and Chief Financial Officer of Upbound Group, Fahmi Karam, reports acquisition and disposal of common stock related to vesting of restricted stock units.

Summary

• On February 24, 2025, Fahmi Karam, EVP and Chief Financial Officer of Upbound Group, acquired 45,597 shares of common stock at a price of $26.56.
• These shares were acquired through the vesting of restricted stock units.
• Also on February 24, 2025, 3,698 shares were disposed of at $26.56 to cover taxes related to the vesting of restricted stock units.
• On February 26, 2025, an additional 1,211 shares were disposed of at $27.33 to cover taxes related to the vesting of restricted stock units.
• Following these transactions, Karam directly owns 153,172 shares of Upbound Group, Inc.
• The reported transactions relate to the vesting of restricted stock units granted on February 24, 2023, and February 26, 2024, which vest annually in one-third increments.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation. There is no indication of unusual activity or strategic shifts.

Positives

• The acquisition of shares through vesting of restricted stock units indicates a continued alignment of the executive's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge executive sentiment and potential future stock performance.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates