UPBOUND CEO Karam Fahmi Receives Equity Award (767,838 units)

What Happened Karam Fahmi, CEO of Upbound Group, Inc. (UPBD), received a supplemental equity award totaling 767,838 restricted stock units (RSUs) and performance stock units (PSUs) on September 1, 2026. The award is reported as a derivative grant at $0.00 per share (no cash exchanged). This is a grant/award rather than a purchase or sale and does not represent immediately vested shares.

Key Details

• Transaction date: September 1, 2026; Form 4 filed September 2, 2026 (timely filing).
• Amount: 767,838 units granted; reported acquisition price $0.00 (derivative award).
• Award composition: Supplemental equity award consisting of RSUs and PSUs (per footnote).
• PSU performance hurdles (per footnote): PSUs are split into three tranches — 33% at a 20-trading-day average closing price of $24.18, 33% at $31.43, and 34% at $38.68. Vesting occurs on the later of the third anniversary of the grant (Sept 1, 2029) or the date the applicable price is attained, subject to continued employment. The award measures stock-price performance over a four-year performance period.
• Shares owned after the transaction: Not specified in the information provided.
• Filing remark: Power of Attorney included as an exhibit.

Context This filing documents a time-based and performance-based equity grant to retain and incentivize the CEO; RSUs generally vest based on continued service while PSUs only convert to shares if performance price targets are met. Because this is an award (not a market purchase or sale), it should be viewed as compensation and retention-driven rather than a direct signal of immediate buying or selling.