Kumar Balaji 4

What Happened
Kumar Balaji, EVP and Chief Technology Officer of Upbound Group (UPBD), was granted 14,749 restricted stock units (RSUs) on April 1, 2026 at an indicated value of $18.05 per share, totaling $266,219. This filing reports an award/acquisition (code A) of equity as part of compensation — not an open-market purchase or sale.

Key Details

• Transaction date and value: April 1, 2026; 14,749 RSUs at $18.05 each; total = $266,219.
• Transaction type: Award/Grant of RSUs (Form 4 code A).
• Vesting: These RSUs vest annually in one‑third increments on April 1 of each of the next three years, subject to continued employment (Footnote F1).
• Unvested units: The reported amount includes unvested restricted stock units (Footnote F2).
• Securities owned after transaction: Not specified in this filing.
• Filing timeliness: Reported on April 2, 2026 for the April 1 transaction (filed the next day).

Context
RSU grants are a common form of executive compensation meant to retain employees; they do not represent an immediate cash purchase or sale and typically vest over time. Such awards are informational about compensation but do not by themselves signal buying or selling sentiment.