Upbound Group, Inc. filed an 8-K with the SEC on September 22, 2026, disclosing the appointment of Scott Young as Executive Vice President and Chief Operating Officer, effective the same date.

Key Highlights

  • New COO appointed: Scott Young, age 60, joined Upbound Group as Executive Vice President - Chief Operating Officer on September 22, 2026.
  • Reporting line: Young will report directly to Fahmi Karam, Chief Executive Officer, according to the filing.
  • Base salary: Young's annual base salary is set at $610,000 per the offer letter.
  • Sign-on equity award: Young received a one-time Performance Stock Unit award valued at $3,111,000, earned based on stock price hurdle attainment over a four-year performance period.
  • Annual bonus target: Young's cash incentive bonus target is 60% of his base salary, with the first bonus pro-rated for 2026 and paid in the first quarter of 2027.
  • Long-term incentive eligibility: Starting in February 2027, Young is eligible for an annual Long-Term Incentive Program award target equal to 170% of his base salary.
  • Prior experience: Young most recently served as Senior Vice President and Global Head of Financial Services at PayPal, Inc., overseeing buy now, pay later, debit and credit card, and savings businesses across 11 countries.

Upbound Group's COO Appointment: Compensation and Background Details

According to the 8-K filed by Upbound Group, Inc. (NASDAQ:UPBD) on September 22, 2026, Scott Young joined the company as its Executive Vice President - Chief Operating Officer effective that date. The filing states Young has more than 30 years of experience leading consumer financial services, fintech, payments, lending, and digital banking businesses.

The filing details Young's professional history. Before joining Upbound Group, he served as Senior Vice President and Global Head of Financial Services at PayPal, Inc. Prior to that, from 2023 to 2024, he was Founder and Chief Executive Officer of Aisling Consulting. From 2022 to 2023, he served as Chief Executive Officer of iCreditWorks, described in the filing as "a lending technology platform focused on healthcare finance." From 2017 to 2022, he was a Managing Director at Goldman Sachs, holding roles including Chief Commercial Officer and Chief Financial Officer within its Marcus digital banking business. He also held senior leadership roles at Citigroup, Barclays, GE Capital, and MBNA, and received a bachelor's degree from Georgetown University, according to the filing.

The company disclosed that Young's compensation package includes an annual base salary of $610,000, an annual cash incentive bonus with a 60% target, and a one-time sign-on Performance Stock Unit award valued at $3,111,000 granted on the first business day of the month following his start date. The filing also states that Young will enter into an EVP Executive Transition Agreement providing specified payments and benefits upon an involuntary termination of employment. The filing confirms there are no arrangements or understandings between Young and any other persons pursuant to which he was selected, and that he has no direct or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K.

What Was Disclosed

Upbound Group's September 22, 2026 Form 8-K disclosed the appointment of Scott Young as Executive Vice President - Chief Operating Officer, along with the compensation terms of his offer letter and a summary of his professional background.