Upbound awards EVP 99,679 performance stock units
EVP of Acima at UPBOUND GROUP, INC. received a large supplemental equity award of restricted and performance stock units tied to multiyear stock-price and service conditions.
Rhea-AI Filing Summary
UPBOUND GROUP, INC. (symbol: UPBD) is the issuer of record for a Form 4 filing submitted to the SEC. Montrone Ralph T. reported acquisition or exercise transactions in this Form 4 filing.
UPBOUND GROUP, INC. (UPBD) reported that executive vice president of Acima, Ralph T. Montrone, received a supplemental equity award on September 1, 2026. The award includes 99,679 performance stock units tied to future stock-price targets and 33,226 restricted stock units that vest over three years. Following these grants, he holds 100,175 shares of common stock, including unvested restricted stock units.
The performance stock units may vest during a four-year period based on achieving 20-trading-day average closing stock prices of $24.18, $31.43, and $38.68, with each tranche also requiring continued employment through the later of September 1, 2029 or the date the applicable price target is reached.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 132,905 shares
Grant/Award
2 txns
Insider
Montrone Ralph T.
Role
EVP, Acima
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PERFORMANCE STOCK UNITS F1, F4 | 99,679 | $0.00 | $0.00 |
| Grant/Award | COMMON STOCK F1, F2, F3 | 33,226 | $0.00 | $0.00 |
Holdings After Transaction:
PERFORMANCE STOCK UNITS — 99,679 contracts (Direct);
COMMON STOCK — 100,175 shares (Direct)
Footnotes (4)
- F1. Represents a supplemental equity award consisting of restricted stock units and performance stock units to promote retention of key executives and to incentivize share price appreciation measured against predetermined stock prices.
- F2. Represents the portion of the supplemental equity award granted as restricted stock units, which vest annually in one-third increments on September 1 of each of the next three years provided that the reporting person has been continuously employed by the issuer as of each such vesting date.
- F3. Includes shares of common stock and unvested restricted stock units.
- F4. Represents the portion of the supplemental equity award granted as 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
Performance stock units granted: 99,679 units
Restricted stock units granted: 33,226 units
Common shares held after transaction: 100,175 shares
+5 more
8 metrics
Performance stock units granted
99,679 units
Supplemental equity award granted September 1, 2026
Restricted stock units granted
33,226 units
Portion of the supplemental equity award granted September 1, 2026
Common shares held after transaction
100,175 shares
Post-transaction holdings including unvested restricted stock units
RSU vesting schedule
1/3 per year over 3 years
Restricted stock units vest annually on September 1 over the next three years
First PSU price target
$24.18 per share
20-trading-day average closing price required for 33% of performance stock units
Second PSU price target
$31.43 per share
20-trading-day average closing price required for an additional 33% of performance stock units
Third PSU price target
$38.68 per share
20-trading-day average closing price required for remaining 34% of performance stock units
Performance period end reference date
September 1, 2029
Earliest possible vesting anniversary referenced; vesting is the later of this date or when price targets are attained
Key Terms
performance stock units, restricted stock units, 20-trading-day average closing stock prices, supplemental equity award, +1 more
5 terms
performance stock units financial
"Represents a supplemental equity award consisting of restricted stock units and performance stock units"
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.
restricted stock units financial
"Represents the portion of the supplemental equity award granted as 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.
20-trading-day average closing stock prices financial
"eligible to vest, if at all, based on the achievement of predetermined 20-trading-day average closing stock prices"
supplemental equity award financial
"Represents a supplemental equity award consisting of restricted stock units and performance stock units"
vesting date financial
"For each tranche, the vesting date is the later of the third anniversary of the grant date"
FAQ
What equity awards did UPBD grant to EVP Ralph T. Montrone on September 1, 2026?
On September 1, 2026, EVP Ralph T. Montrone received a supplemental equity award of 99,679 performance stock units and 33,226 restricted stock units, all at a grant price of $0.00 per unit, subject to multi-year vesting and performance conditions.
How do the restricted stock units granted by UPBD vest for Ralph T. Montrone?
The 33,226 restricted stock units granted to Ralph T. Montrone vest in one-third annual increments on September 1 of each of the next three years, provided he remains continuously employed by UPBOUND GROUP, INC. on each vesting date.
What performance conditions apply to Ralph T. Montrone’s performance stock units in UPBD?
The 99,679 performance stock units are eligible to vest, if at all, during a four-year period based on achieving 20-trading-day average closing stock prices of $24.18, $31.43, and $38.68, with continued employment required through the applicable vesting date.
Are the new UPBD equity awards to Ralph T. Montrone part of a retention plan?
Yes. The filing describes the grants as a supplemental equity award of restricted stock units and performance stock units intended to promote retention of key executives and to incentivize share price appreciation measured against predetermined stock prices.
Were Ralph T. Montrone’s UPBD transactions made under a Rule 10b5-1 plan?
No. The filing indicates the Rule 10b5-1 trading plan checkbox is not selected, and there is no footnote stating that these September 1, 2026 equity awards were made pursuant to a Rule 10b5-1 plan.
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