Upbound Group, Inc.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Appointment of New EVP - Chief Operating Officer On September 22, 2026, Upbound Group, Inc. (the “Company”) announced that Mr. Scott Young will join the Company as its Executive Vice President - Chief Operating Officer effective September 22, 2026. Mr. Young will report directly to Mr. Fahmi Karam, Chief Executive Officer. Mr. Young, age 60, has more than 30 years of experience leading and scaling consumer financial services, fintech, payments, lending, and digital banking businesses. Most recently, he served as Senior Vice President and Global Head of Financial Services at PayPal, Inc., where he oversaw the company’s buy now, pay later, debit and credit card, and savings businesses across 11 countries. Prior to joining PayPal, from 2023 to 2024, Mr. Young served as Founder and Chief Executive Officer of Aisling Consulting, where he advised financial services, payments, and fintech companies and served in fractional executive leadership and advisory roles. From 2022 to 2023, he served as Chief Executive Officer of iCreditWorks, a lending technology platform focused on healthcare finance. From 2017 to 2022, he served as a Managing Director at Goldman Sachs and held leadership positions within its Marcus digital banking business, including roles as Chief Commercial Officer and Chief Financial Officer. Prior to Goldman Sachs, Mr. Young held senior leadership roles at Citigroup, Barclays, GE Capital, and MBNA. Mr. Young received a bachelor’s degree from Georgetown University. In connection with his appointment, the Company entered into an offer letter with Mr. Young (the “Offer Letter”). Pursuant to the Offer Letter, Mr. Young will receive (1) an annual base salary of $610,000, (2) an annual cash incentive bonus with a target opportunity equal to 60% of Mr. Young’s base salary, with the first bonus pro-rated for length of service in 2026 and paid in the first quarter of 2027, (3) a one-time sign-on equity award of Performance Stock Units valued at $3,111,000 under the Company’s Long-Term Incentive Plan, granted on the first business day of the month following his start date and earned based on stock price hurdle attainment over a four-year performance period, and, starting in February 2027, eligibility to participate in the Company’s Long-Term Incentive Program with an annual award target equal to 170% of his base salary, and (4) eligibility to participate in benefit plans and programs (e.g., medical, dental, vision, life insurance, disability, 401(k) with company match, and Deferred Compensation Plan) generally provided to senior executives. Mr. Young will enter into an EVP Executive Transition Agreement with the Company upon his start date, which provides specified payments and benefits upon an involuntary termination of employment, subject to the terms and conditions of the Executive Transition Agreement. There are no arrangements or understandings between Mr. Young and any other persons pursuant to which he was selected as Executive Vice President - Chief Operating Officer, and Mr. Young has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Item 7.01 Regulation FD Disclosure. On September 22, 2026, the Company issued a press release announcing the appointment of a new Executive Vice President - Chief Operating Officer, as described in Item 5.02 in this Form 8-K. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The information contained in this paragraph, as well as Exhibit 99.1 referenced herein, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.