BROWN JEFFREY J 4
Research Summary
AI-generated summary
Upbound Group (UPBD) Director Jeffrey J. Brown Buys Stock & Receives Award
What Happened
Jeffrey J. Brown, a director of Upbound Group, acquired a total of 2,329 common shares in open-market purchases on April 28, 2026 (461 shares and 1,868 shares at $19.41 each; purchases totaling $45,206). He also received a grant of 2,636 Director Deferred Stock Units (derivative award) on the same date valued at $19.17 per unit (aggregate value $50,532). These transactions are purchases/awards (codes P and A on the Form 4).
Key Details
- Transaction date: 2026-04-28; Form 4 filed 2026-04-30 (timely filing).
- Open-market purchases: 461 shares @ $19.41 = $8,948; 1,868 shares @ $19.41 = $36,258 (code P).
- Award/derivative: 2,636 Director Deferred Stock Units @ $19.17 = $50,532 (code A).
- Shares owned after transaction: Not specified in the provided filing.
- Notable footnotes:
- F1/F3: Some shares were purchased via dividend reinvestment features in brokerage accounts (Jeffrey J Brown Living Trust and Brown Equity Partners, LLC).
- F2/F4: Shares are held in brokerage accounts for the Jeffrey J Brown Living Trust and Brown Equity Partners, LLC (the reporting person is trustee/owner).
- F5: Director Deferred Stock Units equal the right to one share each, are fully vested and non-forfeitable, and will be issued upon termination of board service.
Context
- The open-market purchases are straightforward buy transactions (P). The Director Deferred Stock Units are a board compensation award (A) that does not immediately convert to tradable shares; they vest and will be delivered when Brown leaves board service.
- Transactions via dividend reinvestment and holdings in trustee/LLC accounts are common structures for insiders and are noted in the footnotes.
- These filings are factual disclosures of insider activity and do not by themselves indicate the insider’s motivations.