Form 4: Upbound Group Executive Anthony J. Blasquez Reports Stock Transactions
SEC Form 4 Filing
EVP Anthony J. Blasquez of Upbound Group, Inc. reports acquisition and disposal of common stock and restricted stock units related to vesting and tax obligations.
Summary
- Anthony J. Blasquez, an EVP at Upbound Group, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 24, 2025, Blasquez acquired 7,752 shares of common stock at $26.56 per share and disposed of 573 shares at $26.56 to cover taxes related to vested restricted stock units.
- On February 25, 2025, 360 shares were disposed of at $26.45 to cover taxes related to vested restricted stock units.
- On February 26, 2025, 485 shares were disposed of at $27.33 to cover taxes related to vested restricted stock units.
- Following these transactions, Blasquez directly owns 36,011 shares of common stock and indirectly owns 959 shares through the Company 401(k) Plan and 97 shares through the Company NQDC Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to stock vesting and tax obligations.
Positives
- The acquisition of 7,752 shares indicates a continued investment in the company by the executive.
Future Outlook
The 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 routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock due to the issuance of new shares, but this is offset by the executive's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Grant date of restricted stock units vesting on February 24, 2025. |
| 02/25/2022 | Grant date of restricted stock units vesting on February 25, 2025. |
| 02/26/2024 | Grant date of restricted stock units vesting on February 26, 2025. |
| 02/24/2025 | Acquisition of 7,752 shares and disposal of 573 shares for tax withholding. |
| 02/25/2025 | Disposal of 360 shares for tax withholding. |
| 02/26/2025 | Disposal of 485 shares for tax withholding. |
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