Transient C. Taylor - 01 Jul 2023 Form 4 Insider Report for UPBOUND GROUP, INC. (UPBD)

Role
EVP, CHRO
Signature
/s/ Bryan Pechersky, attorney-in-fact
Issuer symbol
UPBD
Transactions as of
01 Jul 2023
Net transactions value
-$56,859
Form type
4
Filing time
05 Jul 2023, 17:53:58 UTC
Previous filing
28 Feb 2023
Next filing
15 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPBD COMMON STOCK Tax liability $56,859 -1,816 -6.1% $31.31 28,116 01 Jul 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Number of shares withheld to cover taxes with respect to time-based restricted stock units which vested on July 1, 2023 (upon completion of one year of continuous employment from grant date of July 1, 2022 and upon completion of 2 years of continuous employment from grant date of July 1, 2021).
F2 Includes shares of common stock and unvested restricted stock units.

Remarks:

Mr Taylor elected to have shares withheld for appropriate taxes arising out of the vesting of these awards on 7/1/2021 and 7/1/2022