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Upbound grants CTO 130K performance units

EVP and CTO Kumar Balaji receives 130,299 performance stock units tied to multi-year UPBD share‑price hurdles.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

UPBOUND GROUP, INC. (symbol: UPBD) is the issuer of record for a Form 4 filing submitted to the SEC. Kumar Balaji reported acquisition or exercise transactions in this Form 4 filing.

UPBOUND GROUP, INC. (UPBD) reported that EVP and Chief Technology Officer Kumar Balaji received a grant of 130,299 performance stock units, each representing a right to receive one share of common stock if vesting conditions are met. The award is part of a supplemental equity package intended to promote executive retention and incentivize share price appreciation. The units can vest over a four-year performance period based on achieving specified 20-trading-day average closing stock prices and continued employment.

Positive

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Negative

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Insider Kumar Balaji
Role EVP, Chief Technology Officer
Type Security Shares Price Value
Grant/Award PERFORMANCE STOCK UNITS F1, F2 130,299 $0.00 $0.00
Holdings After Transaction: PERFORMANCE STOCK UNITS — 130,299 contracts (Direct)
Footnotes (2)
  1. 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.
  2. F2. 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.
Performance stock units granted 130,299 units Grant to EVP and CTO Kumar Balaji on September 1, 2026
Underlying common shares 130,299 shares Each performance stock unit represents one share of common stock
Tranche 1 stock price hurdle $24.18 33% of units eligible to be earned at this 20-day average closing price
Tranche 2 stock price hurdle $31.43 33% of units eligible to be earned at this 20-day average closing price
Tranche 3 stock price hurdle $38.68 34% of units eligible to be earned at this 20-day average closing price
Performance period length 4 years Period over which stock-price performance is measured for vesting
Earliest anniversary reference date September 1, 2029 Third anniversary of the grant date used in vesting tests
performance stock units financial
"Represents the portion of the supplemental equity award granted as 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
"supplemental equity award consisting of restricted stock units and performance 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
"based on the achievement of predetermined 20-trading-day average closing stock prices"
vesting date financial
"subject to the reporting person's continued employment through the applicable vesting date"

FAQ

What equity award did UPBD grant to EVP and CTO Kumar Balaji?
UPBOUND GROUP granted 130,299 performance stock units to EVP and CTO Kumar Balaji as a supplemental equity award, each unit representing a right to receive one share of common stock if specified vesting and stock-price performance conditions are satisfied.

How do the new performance stock units for UPBD vest?
The performance stock units may vest over a four-year performance period based on achieving predetermined 20-trading-day average closing stock prices and the executive’s continued employment through the applicable vesting date.

What stock price hurdles apply to Kumar Balaji’s UPBD performance stock units?
The award is divided into three tranches: 33% is tied to a 20-day average price of $24.18, 33% to $31.43, and 34% to $38.68, with vesting dependent on meeting these stock-price levels and service conditions.

When can the UPBD performance stock units for Kumar Balaji vest?
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 hurdle is achieved, subject to continued employment through that vesting date.

Is Kumar Balaji’s UPBD equity award part of a retention plan?
Yes. The filing states the grant is 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.

Was this UPBD Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported in connection with this equity grant.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kumar Balaji
(Last)(First)(Middle)
5501 HEADQUARTERS DR
(Street)
PLANO TEXAS 75024
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
UPBOUND GROUP, INC. [ UPBD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
PERFORMANCE STOCK UNITS(1)$0.0009/01/2026A130,299 (2) (2)COMMON STOCK130,299$0.00130,299D
Explanation of Responses:
1. 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.
2. 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.
Remarks:
Power of Attorney (Exhibit)
/s/ Andrew West, attorney-in-fact09/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR