LANGENSTEIN MOLLY 4

What Happened Molly Langenstein, a director of Upbound Group, Inc. (ticker: UPBD), was granted 1,700 Director Deferred Stock Units on 2026-07-01. The filing values the award at $21.22 per unit, for a total reported value of $36,074. This was an award/derivative acquisition (transaction code A), not an open-market purchase or sale of issued shares.

Key Details

• Transaction date: 2026-07-01; Form 4 filed 2026-07-02.
• Award: 1,700 Director Deferred Stock Units at $21.22 per unit; total value $36,074.
• Instrument type: Derivative (Director Deferred Stock Units) — each unit equals the right to one share of common stock.
• Vesting/issuance: Units are fully vested and non-forfeitable; common stock will be issued upon termination of her board service (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing remarks: Power of Attorney exhibits referenced. No indication the filing was late.

Context This grant is a deferred compensation award to a director. Because the units are deferred and convert to shares only when Langenstein leaves the board, the transaction differs from an immediate stock purchase or sale and should be viewed as board compensation rather than a direct market bet. For retail investors, such awards signal routine director pay and do not alone indicate management trading intent.