Upbound Group (UPBD) director receives 1,090 deferred stock units
Rhea-AI Filing Summary
Upbound Group director Glenn P. Marino reported an equity award of derivative securities. On 01/06/2026, he acquired 1,090 Director Deferred Stock Units at a price of $17.64 per unit, increasing his beneficially owned derivative securities to 61,123 units held directly.
Each Director Deferred Stock Unit represents the right to receive one share of Upbound Group common stock, with a par value of $0.01 per share. The units are fully vested and non-forfeitable, and the underlying common stock will be issued to Marino when his service on the company’s board of directors ends.
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FAQ
What did Upbound Group (UPBD) report in this Form 4 filing?
The filing reports that director Glenn P. Marino acquired 1,090 Director Deferred Stock Units in Upbound Group, Inc. on 01/06/2026, increasing his directly held derivative securities to 61,123 units.
How many deferred stock units did Upbound Group director Glenn P. Marino receive?
Glenn P. Marino received 1,090 Director Deferred Stock Units in the reported transaction, at a stated price of $17.64 per unit.
What does each Director Deferred Stock Unit of Upbound Group (UPBD) represent?
Each Director Deferred Stock Unit represents the right to receive one share of Upbound Group’s common stock, $.01 par value per share, as described in the footnote.
When will the Upbound Group common stock underlying these deferred stock units be issued?
The underlying common stock will be issued to Glenn P. Marino upon the termination of his service as a member of Upbound Group’s board of directors.
Are the Upbound Group Director Deferred Stock Units vested or subject to forfeiture?
The filing states that the Director Deferred Stock Units are fully vested and non-forfeitable, meaning they are not subject to forfeiture conditions.
Is Glenn P. Marino’s ownership in these Upbound Group units direct or indirect?
The Form 4 reports that the 61,123 Director Deferred Stock Units are held with direct (D) ownership by Glenn P. Marino.