Upbound Group (UPBD) director granted 506 fully vested deferred units
Rhea-AI Filing Summary
Upbound Group director Molly Langenstein reported receiving 506 Director Deferred Stock Units on January 6, 2026 at a reference price of $17.64 per unit. These derivative units are fully vested, non‑forfeitable, and each represents the right to receive one share of Upbound Group common stock.
The shares underlying these units will be delivered to Langenstein after her service on the company’s board ends. Following this grant, she beneficially owns 29,133 Director Deferred Stock Units in total, all held directly.
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FAQ
What insider transaction did UPBD director Molly Langenstein report?
Molly Langenstein reported the acquisition of 506 Director Deferred Stock Units of Upbound Group on January 6, 2026, as shown in a Form 4 filing.
What are Upbound Group (UPBD) Director Deferred Stock Units?
Each Director Deferred Stock Unit gives the right to receive one share of Upbound Group common stock. The units are fully vested, non‑forfeitable, and convert into common shares when the director’s board service ends.
How many deferred stock units does Molly Langenstein hold after this UPBD transaction?
After the reported grant, Molly Langenstein beneficially owns 29,133 Director Deferred Stock Units of Upbound Group, held directly.
Was the UPBD Form 4 transaction a purchase, sale, or award?
The Form 4 lists transaction code “A”, indicating an acquisition of 506 Director Deferred Stock Units, consistent with an equity award rather than an open‑market trade.
When will the shares underlying these UPBD deferred stock units be issued?
The underlying common stock will be issued to Molly Langenstein upon the termination of her service as a member of Upbound Group’s board of directors.
Does Molly Langenstein hold these UPBD deferred stock units directly or indirectly?
The Form 4 indicates the ownership form is direct (D), meaning the 29,133 Director Deferred Stock Units are held directly by her rather than through another entity.