Pechersky Bryan J 4
Research Summary
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UPBD EVP Bryan Pechersky Withholds 459 Shares for Taxes
What Happened Bryan J. Pechersky, EVP, General Counsel and Corporate Secretary of Upbound Group, Inc. (UPBD), had 459 shares withheld to satisfy tax withholding related to time‑based restricted stock units (RSUs) that vested on February 26, 2026. The shares were valued at $21.54 each, for a total value of approximately $9,887. This was a tax withholding (transaction code F) tied to RSU vesting—not an open‑market sale or purchase.
Key Details
- Transaction date: February 26, 2026; filing date: February 27, 2026 (filed promptly).
- Withheld shares: 459 at $21.54 per share; total value ≈ $9,887.
- Transaction code: F (shares withheld to cover tax liability on vested awards).
- Footnote F1: Withholding relates to time‑based RSUs that vested upon completion of two years of continuous employment from the grant date (Feb 26, 2024).
- Footnote F2: Holdings reported in the filing include both shares of common stock and unvested RSUs (the provided summary did not list a post‑transaction total shares figure).
Context This is a routine tax‑withholding disposition tied to RSU vesting (a common administrative transaction) and should not be read as an open‑market sale or a directional trade signal. The filing appears timely (next‑day filing); no late filing flag was indicated.