Upbound Group (UPBD) director granted 600 fully vested deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jain Charu reported acquisition or exercise transactions in this Form 4 filing.
UPBOUND GROUP director Charu Jain received a grant of deferred stock units as board compensation. On this Form 4, Jain was awarded 600 Director Deferred Stock Units at 20.5300 per unit, increasing direct deferred holdings to 27,419 units.
Each Director Deferred Stock Unit is fully vested and non-forfeitable and represents the right to receive one share of Upbound Group common stock. The underlying common shares will be issued to Jain only after their service on the board of directors ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jain Charu
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Deferred Stock Unit | 600 | $20.53 | $12K |
Holdings After Transaction:
Director Deferred Stock Unit — 27,419 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units granted: 600 units
Grant price per unit: 20.5300 per unit
Deferred units after transaction: 27,419 units
+1 more
4 metrics
Deferred stock units granted
600 units
Director Deferred Stock Unit grant on transaction date
Grant price per unit
<money>20.5300</money> per unit
Director Deferred Stock Unit grant price
Deferred units after transaction
27,419 units
Total Director Deferred Stock Units held directly following grant
Underlying common shares per unit
1 share per unit
Each Director Deferred Stock Unit equals one common share
Key Terms
Director Deferred Stock Unit, fully vested and non-forfeitable, grant, award, or other acquisition, underlying security
4 terms
Director Deferred Stock Unit financial
"Each Director Deferred Stock Unit represents the right to receive one share of the common stock"
fully vested and non-forfeitable financial
"The Director Deferred Stock Units are fully vested and non-forfeitable."
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
underlying security financial
"underlying_security_title: COMMON STOCK, underlying_security_shares: 600.0000"
FAQ
What insider transaction did UPBD director Charu Jain report on this Form 4?
Director Charu Jain reported receiving 600 Director Deferred Stock Units as compensation. These units are a form of equity that converts into common stock and increased Jain’s deferred unit holdings to 27,419, aligning compensation with long-term shareholder interests through future stock delivery.
How many deferred stock units does UPBD director Charu Jain now hold?
After this grant, Charu Jain holds 27,419 Director Deferred Stock Units directly. Each unit represents the right to receive one share of Upbound Group common stock, providing a meaningful deferred equity stake that reflects cumulative board compensation over time and links pay to company performance.
When will Charu Jain receive UPBD common stock from these deferred stock units?
The common stock underlying these Director Deferred Stock Units will be issued to Charu Jain when their service on Upbound Group’s board ends. Until that termination event, the award remains as fully vested, non-forfeitable deferred units rather than currently issued common shares.
Are Charu Jain’s UPBD Director Deferred Stock Units vested or subject to forfeiture?
The filing states that all Director Deferred Stock Units are fully vested and non-forfeitable. This means Jain does not need to satisfy additional service or performance conditions, although the underlying common shares will only be delivered after board service terminates as specified.
Does this UPBD Form 4 show a market purchase or sale by Charu Jain?
No, the Form 4 records a grant classified as a "Grant, award, or other acquisition" of 600 Director Deferred Stock Units. It does not show any open-market purchases or sales, but rather routine equity-based board compensation awarded in derivative unit form.