UPBOUND (UPBD) CFO Khouri Halim Receives Award

What Happened Khouri Halim, Chief Financial Officer of Upbound Group, Inc. (UPBD), was granted a supplemental equity award totaling 177,998 restricted/performance stock units on 2026-09-01. The award was reported as a derivative grant (Code A) with an acquisition price of $0.00 at grant (i.e., no cash paid). This is a retention/incentive award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-02 (filed the next business day).
• Units granted: 177,998 RSUs/PSUs; price at grant: $0.00; reported as a derivative award (A).
• Value at grant: $0 cash paid; future value depends on stock price and vesting conditions.
• Vesting mechanics (footnotes): award includes both restricted stock units and performance stock units. PSUs are split into three tranches tied to 20-trading-day average closing price targets: 33% at $24.18, 33% at $31.43, and 34% at $38.68.
• Vesting timing: PSUs vest, if at all, based on achievement of the price targets during a four-year performance period and the reporting person’s continued employment; vesting date for each tranche is the later of Sept 1, 2029 (third anniversary) or the date the price target is met.
• Shares owned after the transaction: not specified in the supplied summary (see the full Form 4 for holdings and total beneficial ownership).
• Remarks/Exhibit: Power of Attorney noted in filing.

Context This is an equity grant intended to retain and incentivize the CFO; it is not a sale or purchase that signals immediate insider buying/selling. The performance stock units only convert to shares if the company’s stock reaches specified multi-tranche price thresholds during the performance period and the executive remains employed through applicable vesting dates. Retail investors should view this as a long-term incentive tied to share-price performance rather than a direct cash investment by the insider.