Upbound (UPBD) EVP/CHRO Taylor Transient Receives Award

What Happened

Taylor Transient, EVP and CHRO of Upbound Group, Inc. (UPBD), was granted a supplemental equity award on 2026-09-01 totaling 89,720 share-equivalents: 22,430 restricted stock units (RSUs) and 67,290 performance stock units (PSUs). Both awards were reported with an acquisition price of $0.00 (typical for equity grants), so the reported transaction value is $0. The RSUs are time-based; the PSUs are derivative, performance-based awards tied to stock-price targets.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-02 (appears timely).
• Awards: 22,430 RSUs (footnote F2) + 67,290 PSUs (footnote F4) = 89,720 total. Reported price: $0.00; reported value: $0.
• Vesting: RSUs vest in one-third increments each Sept 1 over the next three years (requires continued employment). PSUs vest only if specified 20-trading-day average stock-price hurdles are met during a four-year performance period and the reporting person remains employed; tranches: 33% at $24.18, 33% at $31.43, 34% at $38.68 (vesting date is the later of Sept 1, 2029, or the date the price threshold is attained).
• Shares owned after transaction: not specified in the provided data (filing notes that ownership figures include common stock plus unvested RSUs — footnote F3).
• Filing remark: Power of Attorney listed as an exhibit. No indication the filing was late.

Context

This was an equity grant (award), not a market purchase or sale. RSUs are time-based retention awards that convert to shares if the executive remains employed through vesting dates; PSUs are performance-based and only convert to shares if price targets are met within the performance period. Such awards are commonly used for retention and to align executive pay with long-term stock performance.