Form 4: Upbound Group EVP's Stock Transactions Reported

Upbound Group EVP Anthony J. Blasquez reported the vesting of performance-based restricted stock units and subsequent tax-related share disposition.

Summary

• Anthony J. Blasquez, EVP-RAC of Upbound Group, Inc. (UPBD), reported transactions involving the company's common stock.
• On February 10, 2026, 10,966 shares of common stock were acquired at a price of $20.7 per share due to the vesting of performance-based restricted stock units (RSUs).
• The vesting resulted from the company's relative Total Shareholder Return (TSR) ranking in the 33rd percentile over the three-year measurement period ending December 31, 2025, leading to 50% of the granted RSUs vesting.
• Concurrently, 2,997 shares were disposed of at $20.7 per share to cover tax obligations related to the vested performance-based RSUs.
• Following these transactions, Anthony J. Blasquez beneficially owns 40,480 shares, which include both common stock and unvested restricted stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. While RSU vesting is positive, the 50% vesting rate due to 33rd percentile TSR suggests average to below-average performance relative to peers, balancing out the positive of compensation realization.

Positives

• The vesting of 10,966 performance-based restricted stock units indicates that the company met certain performance criteria, allowing for executive compensation to be realized.

Negatives

• Only 50% of the performance-based restricted stock units vested, implying that the company's relative Total Shareholder Return (TSR) performance was not in the top tiers, ranking in the 33rd percentile.
• A portion of the vested shares (2,997 shares) was immediately disposed of to cover tax liabilities, reducing the executive's direct beneficial ownership.

Risks

• Risk of underperformance relative to peers, as evidenced by the company's relative Total Shareholder Return (TSR) ranking in the 33rd percentile over the three-year period ending December 31, 2025, which resulted in only 50% vesting of performance-based RSUs.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that executive compensation tied to Total Shareholder Return (TSR) is a common practice across various industries, aligning management incentives with shareholder value creation. The 33rd percentile TSR performance suggests that while Upbound Group delivered some value, it lagged behind a significant portion of its peer group over the three-year period, which could indicate competitive pressures or specific operational challenges within its sector.

Comparison to Industry Standards

• The 33rd percentile ranking for relative Total Shareholder Return (TSR) indicates that Upbound Group's performance was in the lower third compared to its defined peer group over the three-year measurement period ending December 31, 2025. This suggests that while the company achieved some level of performance, it did not outperform a majority of its competitors.
• For context, top-tier performance-based RSU vesting typically requires TSR to be in the upper quartiles (e.g., 75th percentile or higher) to achieve maximum vesting (often 100% or more), whereas the 33rd percentile often corresponds to a partial or threshold vesting level, as seen with the 50% vesting in this case.

Stakeholder Impact

• Shareholders: The vesting and subsequent tax-related sale by an executive provides insight into executive compensation and performance alignment. The 33rd percentile TSR indicates that shareholder returns were not top-tier relative to peers during the measurement period.
• Employees: The executive's compensation structure, tied to performance, may influence broader employee incentive programs and morale.

Key Dates

Keywords

Upbound Group, UPBD, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Total Shareholder Return, TSR, Stock Transaction