Upbound grants HR chief 89,720 stock units
EVP and CHRO Taylor Transient C received a supplemental mix of restricted and performance stock units tied to multi-year service and stock price goals.
Rhea-AI Filing Summary
UPBOUND GROUP, INC. (symbol: UPBD) is the issuer of record for a Form 4 filing submitted to the SEC. Taylor Transient C reported acquisition or exercise transactions in this Form 4 filing.
UPBOUND GROUP, INC. (UPBD) reported that EVP and Chief Human Resources Officer Taylor Transient C received a supplemental equity award on September 1, 2026. The grant includes 22,430 shares of common stock in the form of restricted stock units and 67,290 performance stock units, all held directly. The restricted stock units vest in three equal annual installments, while the performance stock units may vest over a four-year period based on specified 20-trading-day average stock price hurdles and continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 89,720 shares
Grant/Award
2 txns
Insider
Taylor Transient C
Role
EVP, CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PERFORMANCE STOCK UNITS F1, F4 | 67,290 | $0.00 | $0.00 |
| Grant/Award | COMMON STOCK F1, F2, F3 | 22,430 | $0.00 | $0.00 |
Holdings After Transaction:
PERFORMANCE STOCK UNITS — 67,290 contracts (Direct);
COMMON STOCK — 66,412 shares (Direct)
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: 67,290 units
Restricted stock units granted: 22,430 units
Common stock holdings after grant: 66,412 shares
+5 more
8 metrics
Performance stock units granted
67,290 units
Supplemental equity award granted September 1, 2026, held directly after the transaction
Restricted stock units granted
22,430 units
Portion of supplemental equity award vesting in one-third increments over three years
Common stock holdings after grant
66,412 shares
Direct holdings after award, including shares of common stock and unvested restricted stock units
Performance period length
4 years
Period over which performance stock units are eligible to vest based on stock price hurdles
First stock price hurdle
$24.18
20-trading-day average closing stock price threshold for 33% of performance stock units
Second stock price hurdle
$31.43
20-trading-day average closing stock price threshold for an additional 33% of performance stock units
Third stock price hurdle
$38.68
20-trading-day average closing stock price threshold for the remaining 34% of performance stock units
Grant date third-anniversary reference
September 1, 2029
Later of this date or achievement of price hurdles determines vesting for each performance unit tranche
Key Terms
performance stock units, restricted stock units, 20-trading-day average closing stock prices, supplemental equity award
4 terms
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
"Represents the portion of the supplemental equity award granted as restricted 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"
supplemental equity award financial
"Represents a supplemental equity award consisting of restricted stock units and performance"
FAQ
What equity awards did UPBD grant to EVP, CHRO Taylor Transient C on September 1, 2026?
The executive received a supplemental equity award of 22,430 restricted stock units and 67,290 performance stock units, all at a reported price of $0.00 per unit, as part of an incentive and retention package.
How do the restricted stock units granted by UPBD to Taylor Transient C vest?
The 22,430 restricted stock units vest annually in one-third increments on September 1 of each of the next three years, contingent on the executive’s continuous employment with UPBOUND GROUP, INC. through each vesting date.
What are the vesting conditions for the 67,290 performance stock units granted by UPBD (UPBD)?
The 67,290 performance stock units can 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 the UPBD performance stock units granted to Taylor Transient C?
The performance stock units are split into three tranches: 33% tied to a 20-day average price of $24.18, 33% to $31.43, and 34% to $38.68, with vesting on the later of September 1, 2029, or when the relevant price is attained.
Were the UPBD equity awards to Taylor Transient C made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirming plan, and there is no footnote indicating that these awards were granted pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
