Form 4: Upbound Group Executive Ann L. Davids Reports Stock Transactions
SEC Form 4
Ann L. Davids, EVP and Chief Marketing Officer of Upbound Group, Inc., reports the acquisition and disposal of common stock and restricted stock units related to vesting and tax obligations.
Summary
- Ann L. Davids, the EVP and Chief Marketing Officer of Upbound Group, Inc. (UPBD), filed a Form 4 detailing changes in beneficial ownership.
- On February 24, 2025, Davids acquired 4,276 shares of common stock at $26.56 per share and disposed of 313 shares at the same price to cover taxes related to vested restricted stock units.
- On February 25, 2025, 267 shares were disposed of at $26.45 to cover taxes related to vested restricted stock units.
- On February 26, 2025, 268 shares were disposed of at $27.33 to cover taxes related to vested restricted stock units.
- Following these transactions, Davids directly owns 84,239 shares of common stock and indirectly owns 148 shares through the Company 401(k) Plan.
- The reported transactions include the vesting of restricted stock units in one-third increments annually on February 24 for the next three years, contingent upon continuous employment.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to stock vesting and tax obligations. There are no indications of significant positive or negative developments.
Positives
- The acquisition of 4,276 shares indicates a continued investment in the company by a key executive.
Future Outlook
Restricted stock units vest annually in one-third increments on February 24 of each of the next three years, contingent upon continuous employment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are publicly available to ensure transparency in the market.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares in the market, but the effect is likely minimal given the relatively small quantities involved.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Grant date of time-based restricted stock units related to shares withheld on February 24, 2025. |
| 02/25/2022 | Grant date of time-based restricted stock units related to shares withheld on February 25, 2025. |
| 02/26/2024 | Grant date of time-based restricted stock units related to shares withheld on February 26, 2025. |
| 02/24/2025 | Acquisition of 4,276 shares and disposal of 313 shares for tax obligations. |
| 02/25/2025 | Disposal of 267 shares for tax obligations. |
| 02/26/2025 | Disposal of 268 shares for tax obligations. |
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