MARINO GLENN P 4
Research Summary
AI-generated summary
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.