Form 4: Upbound Group Executive Anthony J. Blasquez Reports Stock Transactions

EVP Anthony J. Blasquez of Upbound Group, Inc. reports acquisition and disposal of common stock and restricted stock units.

Summary

• Anthony J. Blasquez, an EVP at Upbound Group, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 26, 2024, Blasquez acquired 5,973 shares of common stock, with a price of $0.
• These shares represent restricted stock units vesting annually in one-third increments on February 26 for the next three years, contingent upon continuous employment.
• Blasquez also disposed of shares to cover taxes related to vesting restricted stock units on February 24, 2024 (697 shares at $34.16), February 25, 2024 (384 shares at $34.16), and February 26, 2024 (167 shares at $33.8).
• Following these transactions, Blasquez beneficially owns 58,967 shares of common stock, including unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Positives

• The acquisition of restricted stock units indicates a long-term incentive for the executive to remain with the company.

Future Outlook

The reporting person will continue to vest in restricted stock units annually on February 26 of each of the next three years, contingent upon continuous employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices involving restricted stock units.

Stakeholder Impact

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

Key Dates