MARINO GLENN P 4
4 · UPBOUND GROUP, INC. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
UPBOUND (UPBD) Director Glenn P. Marino Receives 1,531-Share Award
What Happened
Glenn P. Marino, a director of Upbound Group, Inc. (UPBD), received a grant of 1,531 Director Deferred Stock Units on July 1, 2026. The filing values the award at $21.22 per unit, or $32,488 in total. This was an award/derivative acquisition (code A) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; SEC filing date: 2026-07-02 (filed the next day).
- Instrument: 1,531 Director Deferred Stock Units (derivative award) at $21.22 per unit; total reported value $32,488.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Each Director Deferred Stock Unit represents the right to receive one share of common stock. Units are fully vested and non‑forfeitable; the underlying shares will be issued to Marino upon termination of his board service.
- Remarks: Power of Attorney included as an exhibit.
Context
This is an award of deferred stock units to a director. Because the units are deferred and will convert to common shares only upon Marino’s departure from the board, this grant is a form of compensation rather than an immediate purchase or sale. Such derivative grants are common for director compensation and do not by themselves indicate buying or selling of market shares.
Insider Transaction Report
- Award
Director Deferred Stock Unit
[F1]2026-07-01$21.22/sh+1,531$32,488→ 65,789 total→ COMMON STOCK (1,531 underlying)
Footnotes (1)
- [F1]Each Director Deferred Stock Unit represents the right to receive one share of the common stock, $.01 par value per share, of the issuer ("Common Stock"). The Director Deferred Stock Units are fully vested and non-forfeitable. The Common Stock will be issued to the reporting person upon the termination of their service as a member of the issuer's board of directors.