Taylor Transient C 4
Research Summary
AI-generated summary
Upbound (UPBD) EVP/CHRO Taylor Transient Receives Award; Tax Withholding
What Happened
- Taylor Transient C, Executive Vice President and CHRO of Upbound Group, received an award of 6,615 shares on February 10, 2026 (reported on Feb 12). The award is valued at $20.70 per share, totaling $136,931.
- Of those shares, 2,936 were withheld to satisfy tax withholding obligations (reported as a disposition) at the same $20.70 per-share value, equivalent to $60,775. Net shares delivered to the insider from this vesting event were 3,679 shares.
Key Details
- Transaction date: February 10, 2026; filing date: February 12, 2026 (filed 2 days after the transaction).
- Award (code A): 6,615 shares @ $20.70 — $136,931 value.
- Tax withholding (code F): 2,936 shares withheld @ $20.70 — $60,775 value (treated as a disposition to cover taxes).
- Net new shares received: 3,679 (6,615 awarded minus 2,936 withheld).
- Shares owned after transaction: not specified in the provided excerpt; filing notes that reported holdings include common stock and unvested restricted stock units.
- Footnotes: The award reflects performance-based restricted stock units granted Feb 24, 2023; the company’s relative TSR for the three-year period ending Dec 31, 2025 ranked in the 33rd percentile, resulting in 50% vesting of those performance-based RSUs. The withheld shares were to cover tax liabilities on the vested units.
Context
- This was a vesting/award event (not an open-market purchase or speculative sale). The withholding of shares to pay taxes is routine and common when restricted stock units vest (a form of “net settlement”).
- The award was performance-based; only 50% of the original performance RSUs vested due to the company’s relative TSR outcome as described in the filing.