Upbound EVP awarded 98,888 performance stock units
UPBOUND GROUP, INC. granted its EVP-RAC a large supplemental equity award of restricted and performance stock units subject to multi-year vesting and share-price hurdles.
Rhea-AI Filing Summary
UPBOUND GROUP, INC. (symbol: UPBD) is the issuer of record for a Form 4 filing submitted to the SEC. Blasquez Anthony J reported acquisition or exercise transactions in this Form 4 filing.
UPBOUND GROUP, INC. (UPBD) reported that executive vice president Anthony J. Blasquez received a supplemental equity award on September 1, 2026. He was granted 98,888 performance stock units tied to future share-price targets and 32,962 restricted stock units/common shares granted at no cost, raising his directly held common stock (including unvested restricted units) to 76,679 shares. He also holds shares indirectly through the company 401(k) and nonqualified deferred compensation plans.
The restricted stock units vest in three equal annual installments over three years, subject to continued employment. The performance stock units may vest over a four-year period only if specified 20‑day average closing prices of $24.18, $31.43, and $38.68 are achieved, and employment continues through the applicable vesting date. No Rule 10b5‑1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 131,850 shares
Grant/Award
4 txns
Insider
Blasquez Anthony J
Role
EVP-RAC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PERFORMANCE STOCK UNITS F1, F4 | 98,888 | $0.00 | $0.00 |
| Grant/Award | COMMON STOCK F1, F2, F3 | 32,962 | $0.00 | $0.00 |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
PERFORMANCE STOCK UNITS — 98,888 contracts (Direct);
COMMON STOCK — 76,679 shares (Direct);
COMMON STOCK — 1,070 shares (Indirect, Company 401(k) Plan);
COMMON STOCK — 102 shares (Indirect, Company NQDC Plan)
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: 98,888 units
Restricted stock units/common shares granted: 32,962 shares
Direct common stock holdings after grant: 76,679 shares
+5 more
8 metrics
Performance stock units granted
98,888 units
Supplemental equity award to Anthony J. Blasquez on September 1, 2026
Restricted stock units/common shares granted
32,962 shares
Portion of supplemental equity award vesting over three years
Direct common stock holdings after grant
76,679 shares
Includes shares of common stock and unvested restricted stock units held directly after September 1, 2026
Performance vesting price hurdle (first tranche)
$24.18 per share
20‑trading‑day average closing price required for 33% of performance stock units
Performance vesting price hurdle (second tranche)
$31.43 per share
20‑trading‑day average closing price required for another 33% of performance stock units
Performance vesting price hurdle (third tranche)
$38.68 per share
20‑trading‑day average closing price required for remaining 34% of performance stock units
Indirect holdings in company 401(k) plan
1,070 shares
Common stock held indirectly through the company 401(k) plan after the reported date
Indirect holdings in company nonqualified deferred compensation plan
102 shares
Common stock held indirectly through the company nonqualified deferred compensation plan after the reported date
Key Terms
performance stock units, restricted stock units, 20-trading-day average closing stock prices, nonqualified deferred compensation plan
4 terms
performance stock units financial
"Represents a supplemental equity award consisting of restricted stock units and performance stock units to promote retention of key executives"
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, which vest annually in one-third increments"
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 during a four-year performance period"
nonqualified deferred compensation plan financial
"Shares of common stock held indirectly through the company nonqualified deferred compensation plan"
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
FAQ
What equity awards did UPBD grant to Anthony J. Blasquez on September 1, 2026?
On September 1, 2026, Anthony J. Blasquez received a supplemental equity award consisting of 98,888 performance stock units and 32,962 restricted stock units/common shares, all granted at $0.00 per unit or share as part of a retention and share-price incentive program.
How do the performance stock units granted by UPBD to Anthony J. Blasquez vest?
The 98,888 performance stock units are eligible to vest over a four-year period based on achieving 20‑trading‑day average closing stock prices of $24.18, $31.43, and $38.68. For each tranche, vesting occurs on the later of September 1, 2029 and the date the applicable price target is reached, subject to continued employment.
What are the vesting terms of the restricted stock units UPBD granted to Anthony J. Blasquez?
The portion of the supplemental award granted as restricted stock units, totaling 32,962 shares, vests in one‑third increments on September 1 of each of the next three years, provided Anthony J. Blasquez remains continuously employed by UPBOUND GROUP, INC. on each vesting date.
Were Anthony J. Blasquez’s UPBD equity awards made under a Rule 10b5-1 trading plan?
No. The filing indicates that these equity awards to Anthony J. Blasquez were not made pursuant to a Rule 10b5‑1 trading plan, as the related affirmation box is not checked.
What is the purpose of the supplemental equity award UPBD granted to Anthony J. Blasquez?
The company states the supplemental equity award, consisting of restricted stock units and performance stock units, is intended to promote retention of key executives and incentivize share price appreciation measured against predetermined stock price levels.
AI-generated analysis. How Rhea-AI works. Not financial advice.
