Form 4: Upbound Group Executive Bryan Pechersky Reports Stock Transactions
SEC Form 4 Filing
Bryan Pechersky, EVP, GC and Corp Secretary of Upbound Group, Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On February 24, 2025, Bryan Pechersky acquired 5,195 shares of common stock at $26.56 per share.
- On the same day, 529 shares were disposed of at $26.56 to cover taxes related to vested restricted stock units.
- On February 25, 2025, 438 shares were disposed of at $26.45 to cover taxes related to vested restricted stock units.
- On February 26, 2025, 436 shares were disposed of at $27.33 to cover taxes related to vested restricted stock units.
- Following these transactions, Pechersky beneficially owns 20,996 shares of Upbound Group, Inc.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- Employees may be affected by the vesting of restricted stock units, which are tied to continuous employment.
Key Dates
| Date | Description |
|---|---|
| 02/24/2023 | Grant date of restricted stock units vesting on February 24, 2025 (upon completion of two years of continuous employment). |
| 02/25/2022 | Grant date of restricted stock units vesting on February 25, 2025 (upon completion of three years of continuous employment). |
| 02/26/2024 | Grant date of restricted stock units vesting on February 26, 2025 (upon completion of one year of continuous employment). |
| 02/24/2025 | Acquisition of 5,195 shares of common stock and disposal of 529 shares for tax purposes. |
| 02/25/2025 | Disposal of 438 shares for tax purposes. |
| 02/26/2025 | Disposal of 436 shares for tax purposes. |
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