Upbound (UPBD) EVP Anthony Blasquez Receives Equity Award

What Happened

• Anthony J. Blasquez, EVP—RAC of Upbound Group, Inc. (UPBD), was granted a supplemental equity award on 2026-09-01 totaling 131,850 units: 32,962 restricted stock units (RSUs) and 98,888 performance stock units (PSUs). Both grants show $0.00 per share because these were awards (not purchases).
• The award is intended for retention and incentive purposes. The RSUs vest over three years; the PSUs are performance-contingent and may only vest if certain stock-price thresholds are met during the performance period.

Key Details

• Transaction date: 2026-09-01; Filing date (Form 4): 2026-09-02 (filed the next day).
• Grants: 32,962 RSUs (grant value $0 reported), 98,888 PSUs (derivative award, $0 reported).
• Vesting (RSUs): annual vesting in one‑third increments on September 1 of each of the next three years, subject to continued employment.
• Vesting (PSUs): three tranches tied to 20‑trading‑day average closing prices over a four‑year performance period. Tranche thresholds:
  • 33% at $24.18 average
  • 33% at $31.43 average
  • 34% at $38.68 average Vesting date for each tranche is the later of the third anniversary of the grant (Sept 1, 2029) and the date the applicable price is attained; continued employment through the vesting date is required.
• Ownership after transaction: not specified in the provided excerpt; footnote indicates reported holdings include common stock plus unvested RSUs.
• Footnotes: award described as supplemental RSUs and PSUs to promote retention and incentivize share-price appreciation.

Context

• This was an equity award (not a cash purchase or sale). RSU grants are straightforward retention awards; PSUs are performance-based and will only convert to shares if price targets and employment conditions are met.
• Awards like this are common executive compensation tools and do not by themselves indicate insider buying or selling sentiment until/if/when PSUs vest or RSUs convert to shares and are sold.