Blasquez Anthony J 4

What Happened

• Anthony J. Blasquez, EVP—Risk and Capital (EVP-RAC) at Upbound Group, Inc. (UPBD), was issued 10,966 shares as a performance-based restricted stock unit (RSU) award on February 10, 2026. The award is reported at a per-share value of $20.70, totaling $226,996.
• To cover the tax withholding related to the vested RSUs, 2,997 shares were withheld (reported as a disposition) at $20.70 per share, value $62,038. These withheld shares are a routine tax-withholding action rather than an open-market sale.

Key Details

• Transaction date(s): 2026-02-10; Report filed: 2026-02-12.
• Awarded: 10,966 shares at $20.70 each (total $226,996) — transaction code A (award/grant).
• Withheld for taxes: 2,997 shares at $20.70 each (value $62,038) — transaction code F (tax withholding).
• Shares owned after transaction: not specified in the information provided (filing notes holdings include common stock and unvested RSUs).
• Footnotes of note:
  • F1: The company’s relative TSR over the three-year period ending 12/31/2025 ranked in the 33rd percentile, so 50% of the performance-based RSUs granted on 02/24/2023 vested.
  • F2: Holdings reported include both common stock and unvested restricted stock units.
  • F3: The 2,997 shares reflect shares withheld to cover taxes on the vested performance-based RSUs.
• No late filing flag noted in the provided data; report was filed two days after the transaction date (typical 2-business-day Form 4 window).

Context

• This was an award/vesting event (not a purchase), so it reflects compensation/vesting rather than an insider buying or selling shares for investment reasons.
• The tax-withholding (cashless retention of shares) is a common administrative step when RSUs vest and does not necessarily indicate the insider’s view of the stock.
• The vesting amount was reduced to 50% because the performance metric (TSR) placed the award at the 33rd percentile for the measurement period.