Upbound Group (UPBD) CFO awarded 20,149 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Khouri Halim reported acquisition or exercise transactions in this Form 4 filing.
Upbound Group EVP and CFO Halim Khouri received a grant of 20,149 shares of common stock in the form of restricted stock units at a reference price of $22.78 per share. These units vest in three equal annual installments each February 23 over the next three years, contingent on continued employment. Following this award, Khouri directly holds 103,854 shares, including both common stock and unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Khouri Halim
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 20,149 | $22.78 | $459K |
Holdings After Transaction:
COMMON STOCK — 103,854 shares (Direct)
Footnotes (1)
- Represents restricted stock units which vest annually in one-third increments on February 23 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. Includes shares of common stock and unvested restricted stock units.
FAQ
What did UPBOUND GROUP (UPBD) disclose about Halim Khouri’s latest equity award?
UPBOUND GROUP disclosed that EVP and CFO Halim Khouri received 20,149 restricted stock units of common stock at a reference price of $22.78 per share. These units represent a non-cash equity award that increases his overall share-based compensation stake in the company.
How do Halim Khouri’s new restricted stock units at UPBD vest over time?
The 20,149 restricted stock units granted to Halim Khouri vest in three equal annual installments. Vesting occurs each February 23 over the next three years, provided he remains continuously employed by Upbound Group on each applicable vesting date.
Was Halim Khouri’s UPBD Form 4 filing a stock purchase or a grant?
The Form 4 reflects a grant or award acquisition, not an open-market purchase. Khouri received 20,149 restricted stock units of common stock as compensation, classified under transaction code “A” for grant, award, or other acquisition.
What conditions are attached to Halim Khouri’s new restricted stock units at UPBOUND GROUP?
The restricted stock units will only vest if Halim Khouri remains continuously employed by Upbound Group. They vest one-third each year on February 23 for the next three years, aligning long-term incentives with his ongoing service to the company.