Upbound Group (UPBD) EVP reports PSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Upbound Group EVP and CHRO Taylor Transient C reported equity award activity tied to prior performance-based restricted stock units. On February 10, 2026, 6,615 shares of common stock vested at $20.70 per share after the company’s relative TSR over the three-year period ending December 31, 2025 ranked in the 33rd percentile, leading to 50% vesting of those performance-based units.
To cover taxes on the vesting, 2,936 shares were withheld at $20.70 per share. After these transactions, Transient directly beneficially owned 24,578 shares of Upbound Group common stock, including both common shares and unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Taylor Transient C
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 6,615 | $20.70 | $137K |
| Tax Withholding | COMMON STOCK | 2,936 | $20.70 | $61K |
Holdings After Transaction:
COMMON STOCK — 27,514 shares (Direct)
Footnotes (1)
- The Company's relative TSR over the three-year measurement period ending December 31, 2025, established in connection with performance-based restricted stock units granted to the reporting person on February 24, 2023, ranked in the 33rd percentile, resulting in the vesting of 50% of such performance-based restricted stock units. Includes shares of common stock and unvested restricted stock units. Number of shares withheld to cover taxes with respect to performance-based restricted stock units which vested on February 10, 2026.
FAQ
What insider transaction did UPBD EVP Taylor Transient report on this Form 4?
Taylor Transient reported vesting of 6,615 shares of Upbound Group common stock from performance-based restricted stock units, with 2,936 shares withheld to cover taxes. The activity reflects equity compensation rather than an open-market purchase or sale.
What performance result triggered the vesting of UPBD performance-based units?
The company’s relative total shareholder return over the three-year period ending December 31, 2025 ranked in the 33rd percentile. This result caused 50% of Taylor Transient’s February 24, 2023 performance-based restricted stock units to vest into 6,615 common shares.
What do the transaction codes A and F mean in this UPBD Form 4?
Code A indicates a grant, award, or other acquisition of 6,615 shares from vesting performance-based restricted stock units. Code F indicates 2,936 shares were disposed of to pay taxes by delivering securities rather than paying the tax liability in cash.