Upstart (NASDAQ: UPST) CFO gets RSU and performance-based PRSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blankmeyer Andrea reported acquisition or exercise transactions in this Form 4 filing.
Upstart Holdings, Inc. Chief Financial Officer Andrea Blankmeyer received equity awards consisting of restricted stock units and performance-based units. She was granted 148,006 performance-based restricted stock units (PRSUs), each representing a contingent right to one share of common stock, with the actual payout ranging from 0% to 300% of this target based on TSR CAGR targets measured as of February 15, 2030 and vesting on February 20, 2030, subject to continued service. She was also granted 169,427 time-based RSUs, which vest quarterly as follows: 40% in equal installments over the 12 months beginning May 15, 2026, then 30%, 20%, and 10% in sequential 12‑month quarterly vesting periods, all conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Blankmeyer Andrea
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Unit | 148,006 | $0.00 | -- |
| Grant/Award | Common Stock | 169,427 | $0.00 | -- |
Holdings After Transaction:
Performance-based Restricted Stock Unit — 148,006 shares (Direct);
Common Stock — 169,427 shares (Direct)
Footnotes (1)
- These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of our common stock. 40% of the RSUs shall vest quarterly in equal installments beginning on May 15, 2026, for 12 months. An additional 30% of the RSUs shall vest quarterly in equal installments for 12 months thereafter; 20% of the RSUs shall vest quarterly in equal installments for 12 months thereafter; and the remaining 10% of the RSUs shall vest quarterly in equal installments for 12 months thereafter, subject to continued service with us through each such date. Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Common Stock, subject to the applicable vesting schedule and conditions of each RSU. These securities are performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of Common Stock in an amount from 0% to 300% of the target number of PRSUs granted. The actual number of PRSUs earned will be based, in part, upon achievement of certain TSR CAGR targets as of February 15, 2030 and subject to vesting on February 20, 2030, subject to the Reporting Person continuing as a service provider through such date.
Key Figures
Performance-based RSUs granted: 148,006 PRSUs
Time-based RSUs granted: 169,427 RSUs
PRSUs performance measurement date: February 15, 2030
+4 more
7 metrics
Performance-based RSUs granted
148,006 PRSUs
Target PRSUs granted to CFO; payout 0%-300% based on TSR CAGR
Time-based RSUs granted
169,427 RSUs
RSUs vest quarterly in tranches starting May 15, 2026
PRSUs performance measurement date
February 15, 2030
TSR CAGR targets assessed as of this date for PRSUs
PRSUs vesting date
February 20, 2030
PRSUs vest on this date, subject to continued service
Initial RSU vesting start
May 15, 2026
40% of RSUs vest quarterly over 12 months beginning on this date
RSU vesting allocation
40% / 30% / 20% / 10%
Sequential 12‑month quarterly vesting tranches for the RSU grant
RSU grant price per unit
$0.00 per unit
Each RSU and PRSU has a stated price of $0.00 in the filing
Key Terms
restricted stock units (RSUs), performance-based restricted stock units (PRSUs), TSR CAGR, contingent right, +1 more
5 terms
restricted stock units (RSUs) financial
"These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
performance-based restricted stock units (PRSUs) financial
"These securities are performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right..."
TSR CAGR financial
"The actual number of PRSUs earned will be based, in part, upon achievement of certain TSR CAGR targets..."
Total shareholder return compound annual growth rate (TSR CAGR) is the annualized percentage rate at which an investor’s total return—share price appreciation plus reinvested dividends—would have grown each year over a specific period. Investors use it like a single “interest rate” that summarizes how well a stock delivered cash and capital gains over time, making it easier to compare company performance or measure whether management created sustained value.
contingent right financial
"Each RSU represents a contingent right to receive one share of our common stock."
vesting schedule financial
"subject to the applicable vesting schedule and conditions of each RSU."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
What equity awards did Upstart (UPST) CFO Andrea Blankmeyer receive?
Andrea Blankmeyer received two equity grants: 148,006 performance-based restricted stock units (PRSUs) and 169,427 time-based restricted stock units (RSUs). Each unit represents a contingent right to receive one share of Upstart common stock, subject to vesting and, for PRSUs, performance conditions.
How do the new performance-based RSUs for Upstart (UPST) CFO work?
The 148,006 PRSUs can pay out between 0% and 300% of the target amount. The final number of shares earned depends partly on achieving specified TSR CAGR targets as of February 15, 2030 and is subject to vesting on February 20, 2030 and continued service.
What is the vesting schedule for Andrea Blankmeyer’s RSUs at Upstart (UPST)?
The 169,427 RSUs vest quarterly. 40% vests in equal quarterly installments over the 12 months beginning May 15, 2026. Then 30%, 20%, and 10% each vest in equal quarterly installments over successive 12‑month periods, assuming continued service through each vesting date.
Do the Upstart (UPST) RSU and PRSU grants have an exercise price?
These RSUs and PRSUs have a stated price of $0.00 per unit in the filing. They are not options; instead, each unit is a contingent right to receive one share of common stock upon satisfaction of vesting and, for PRSUs, performance conditions.
What service conditions apply to Andrea Blankmeyer’s equity awards at Upstart (UPST)?
Both RSUs and PRSUs require continued service. Time-based RSUs vest quarterly over several years, while PRSUs are subject to performance measurement through February 15, 2030 and vesting on February 20, 2030, provided she continues as a service provider through those dates.