Upbound Group (UPBD) director reports 342 deferred stock units award
Rhea-AI Filing Summary
Upbound Group director Charu Jain reported a new equity award in the form of derivative securities. On January 6, 2026, she acquired 342 Director Deferred Stock Units at a reference price of $17.64 per unit, bringing her total beneficially owned derivative securities to 22,828 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 after her service on the company’s board of directors ends, meaning this award defers delivery of stock until she leaves the board.
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FAQ
What insider transaction did Upbound Group (UPBD) report for Charu Jain?
Director Charu Jain reported acquiring 342 Director Deferred Stock Units tied to Upbound Group common stock in a transaction dated January 6, 2026.
What is a Director Deferred Stock Unit in the Upbound Group (UPBD) filing?
Each Director Deferred Stock Unit gives the holder the right to receive one share of Upbound Group common stock, is fully vested, and is non-forfeitable.
When will the shares underlying Charu Jain’s deferred stock units be issued?
The common stock underlying the Director Deferred Stock Units will be issued to Charu Jain when her service as a member of Upbound Group’s board of directors terminates.
How many derivative securities does Charu Jain own after this Form 4 transaction?
After acquiring 342 Director Deferred Stock Units, Charu Jain beneficially owns 22,828 derivative securities related to Upbound Group common stock.
Is Charu Jain’s ownership in this Upbound Group (UPBD) Form 4 direct or indirect?
The filing classifies her holdings in these derivative securities as direct ownership, with no separate indirect ownership entity noted.
Are the Director Deferred Stock Units subject to vesting conditions?
No additional vesting period applies; the filing states that the Director Deferred Stock Units are fully vested and non-forfeitable at grant.