Transient C. Taylor - Jul 1, 2023 Form 4 Insider Report for UPBOUND GROUP, INC. (UPBD)

Role
EVP, CHRO
Signature
/s/ Bryan Pechersky, attorney-in-fact
Stock symbol
UPBD
Transactions as of
Jul 1, 2023
Transactions value $
-$56,859
Form type
4
Date filed
7/5/2023, 05:53 PM
Previous filing
Feb 28, 2023
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPBD COMMON STOCK Tax liability -$56.9K -1.82K -6.07% $31.31 28.1K Jul 1, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Number of shares withheld to cover taxes with respect to time-based restricted stock units which vested on July 1, 2023 (upon completion of one year of continuous employment from grant date of July 1, 2022 and upon completion of 2 years of continuous employment from grant date of July 1, 2021).
F2 Includes shares of common stock and unvested restricted stock units.

Remarks:

Mr Taylor elected to have shares withheld for appropriate taxes arising out of the vesting of these awards on 7/1/2021 and 7/1/2022