Upbound Group corrects SVP's omitted stock holdings
The SVP, Brigit’s performance stock units are divided into three tranches, each tied to a 20-trading-day average closing-price threshold.
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Form Type
3/A
Rhea-AI Filing Summary
UPBOUND GROUP, INC.’s Form 3/A adds 22,104 common shares and 66,313 performance stock units that Devpratim Chakraborty, SVP, Brigit, had inadvertently omitted from his September 25, 2026 Form 3. The common-share holding includes unvested restricted stock units.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chakraborty Devpratim
Role
SVP, Brigit
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | PERFORMANCE STOCK UNITS F3, F2 | -- | -- | -- |
| holding | COMMON STOCK F1, F2 | -- | -- | -- |
Holdings After Transaction:
PERFORMANCE STOCK UNITS — 66,313 contracts (Direct);
COMMON STOCK — 22,104 shares (Direct)
Footnotes (3)
- F1. Includes unvested restricted stock units.
- F2. The Form 3 filed by the reporting person on September 25, 2026 inadvertently omitted 22,104 shares of common stock and 66,313 performance stock units held by the reporting person due to administrative error.
- F3. Represents performance stock units, which are eligible to vest, if at all, based on the achievement of predetermined 20-trading-day average closing stock prices during a four-year performance period, subject to the reporting person's continued employment through the applicable vesting date. The performance stock units are divided into three tranches: 33% eligible to be earned upon a 20-trading-day average closing price of $24.18, 33% upon a 20-trading-day average closing price of $31.43, and 34% upon a 20-trading-day average closing price of $38.68. For each tranche, the vesting date is the later of the third anniversary of the grant date September 1, 2029, and the date the applicable stock price is attained.
Key Figures
Common shares: 22,104 shares
Performance stock units: 66,313 units
20-trading-day average closing price threshold: $24.18
+2 more
5 metrics
Common shares
22,104 shares
Holding includes unvested restricted stock units
Performance stock units
66,313 units
Held directly by Devpratim Chakraborty
20-trading-day average closing price threshold
$24.18
First performance stock unit tranche
20-trading-day average closing price threshold
$31.43
Second performance stock unit tranche
20-trading-day average closing price threshold
$38.68
Third performance stock unit tranche
Key Terms
Performance stock units, 20-trading-day average closing stock prices, Tranches, Restricted stock units
4 terms
Performance stock units financial
"Represents performance stock units, which are eligible to vest"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
20-trading-day average closing stock prices financial
"based on the achievement of predetermined 20-trading-day average closing stock prices"
Tranches financial
"The performance stock units are divided into three tranches"
Tranches are portions or slices of a larger financing deal—such as a loan, bond issue, or equity round—that are released at different times or under different conditions. For investors they matter because each tranche can carry different risk, interest or payout terms and may be paid only if certain targets are met; think of funding as slices of a cake handed out as progress is made.
Restricted stock units financial
"Includes unvested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the vesting terms for UPBD performance stock units?
The 66,313 performance stock units are divided into three tranches: 33% at a $24.18, 20-trading-day average closing price; 33% at $31.43; and 34% at $38.68. Each is eligible to vest, if at all, subject to continued employment through the applicable vesting date. That date is the later of the third anniversary of the September 1, 2029 grant date and the date the applicable stock price is attained.
AI-generated analysis. How Rhea-AI works. Not financial advice.
