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, reports the acquisition of 3,295 shares and the disposal of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 26, 2024, Ann L. Davids, EVP, Chief Marketing Officer of Upbound Group, acquired 3,295 shares of common stock at $0.
- She also disposed of shares on February 24, 25, and 26, 2024, to cover tax obligations related to vesting restricted stock units.
- Following these transactions, Davids beneficially owns 75,311 shares of Upbound Group common stock, including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it primarily reflects routine stock transactions by an executive. The acquisition of shares is mildly positive, but the disposal for tax obligations is a normal occurrence.
Positives
- The acquisition of 3,295 shares by an executive could be seen as a positive signal.
Future Outlook
The reporting person's restricted stock units vest annually in one-third increments on February 26 of each of the next three years, contingent upon continuous employment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Grant date of time-based restricted stock units, one year of continuous employment required for vesting. |
| 02/25/2022 | Grant date of time-based restricted stock units, two years of continuous employment required for vesting. |
| 02/26/2021 | Grant date of time-based restricted stock units, three years of continuous employment required for vesting. |
| 02/24/2024 | Shares withheld to cover taxes with respect to time-based restricted stock units which vested. |
| 02/25/2024 | Shares withheld to cover taxes with respect to time-based restricted stock units which vested. |
| 02/26/2024 | Acquisition of 3,295 shares of common stock and shares withheld to cover taxes with respect to time-based restricted stock units which vested. |
| 02/27/2024 | Date of signature by attorney-in-fact. |
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