Form 4: Upbound Group Executive Gautam Sudeep Reports Stock Transactions

EVP, Chief Tech & Digital Officer of Upbound Group, Gautam Sudeep, reports acquisition and disposal of company stock, including vesting of restricted stock units and shares withheld for taxes.

Summary

• On February 26, 2024, Gautam Sudeep, EVP, Chief Tech & Digital Officer of Upbound Group, acquired 3,771 shares of common stock.
• These shares were acquired at a price of $0.
• These shares represent restricted stock units which vest annually in one-third increments on February 26 of each of the next three years, contingent upon continuous employment.
• On February 24, 2024, Sudeep disposed of 362 shares of common stock at a price of $34.16.
• These shares were withheld to cover taxes related to the vesting of time-based restricted stock units.
• Following these transactions, Sudeep beneficially owns 7,941 shares, including common stock and unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document simply reports stock transactions related to executive compensation, with no inherent positive or negative implications.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. These transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation arrangements.

Key Dates