LANGENSTEIN MOLLY 4

What Happened

• Molly Langenstein, a director of Upbound Group, Inc. (UPBD), was granted 2,000 Director Deferred Stock Units on 2026-04-01. The award is reported at an implied value of $18.05 per unit for a total value of $36,100. This transaction is recorded as an award/acquisition (code A) and is reported as a derivative.

Key Details

• Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-02 (timely filing).
• Price/value: $18.05 per unit; total value $36,100.
• Shares owned after transaction: not specified in the filing.
• Footnote: Each Director Deferred Stock Unit equals the right to one share of common stock. The units are fully vested and non-forfeitable; the actual common shares will be issued to Ms. Langenstein upon termination of her board service (Footnote F1).
• Filing timeliness: Appears timely (filed the next day), not indicated as late.

Context

• These Director Deferred Stock Units are a form of deferred compensation/award rather than an open-market purchase or sale. While fully vested, the units are not immediately delivered as common stock and will convert to shares only when Ms. Langenstein leaves the board. Such awards are common as director compensation and should be viewed as compensation-related rather than a direct market-confidence purchase.