The estimated Net Worth of Mitchell E Fadel is at least $27.7 Milión dollars as of 1 March 2022. Mr. Fadel owns over 40,000 units of Upbound Inc stock worth over $16,281,651 and over the last 21 years he sold RCII stock worth over $2,802,885. In addition, he makes $8,665,400 as Chief Executive Officer a Director at Upbound Inc.
Mitchell has made over 11 trades of the Upbound Inc stock since 2006, according to the Form 4 filled with the SEC. Most recently he bought 40,000 units of RCII stock worth $1,083,200 on 1 March 2022.
The largest trade he's ever made was exercising 162,299 units of Upbound Inc stock on 29 April 2010 worth over $1,598,645. On average, Mitchell trades about 12,956 units every 156 days since 2003. As of 1 March 2022 he still owns at least 607,978 units of Upbound Inc stock.
You can see the complete history of Mr. Fadel stock trades at the bottom of the page.
Mitchell E. Fadel is Chief Executive Officer, Director of Rent-A-Center, Inc. Mr. Fadel has served as one of our directors since June 2017 and was named Chief Executive Officer on January 2, 2018. Mr. Fadel was self-employed prior to joining the Company after most recently serving as President – U.S. Pawn for EZCORP, Inc., a leading provider of pawn loans in the United States and Mexico, from September 2015 to December 2016. Prior to that, Mr. Fadel served as President of the Company (beginning in July 2000) and Chief Operating Officer (beginning in December 2002) each until August 2015, and also as a director of the Company from December 2000 to November 2013. From 1992 until 2000, Mr. Fadel served as President and Chief Executive Officer of the Company's subsidiary Rent-A-Center Franchising International, Inc. f/k/a ColorTyme, Inc. Mr. Fadel's professional experience with the Company also includes previously serving as a Regional Director and a District Manager. As our Chief Executive Officer, Mr. Fadel's day-to-day leadership provides him with intimate knowledge of our operations that are a vital component of our Board discussions. In addition, Mr. Fadel brings 30 years of experience in and knowledge of the rent-to-own industry, including his previous tenure as our President and Chief Operating Officer, to the Board.
As the Chief Executive Officer a Director of Upbound Inc, the total compensation of Mitchell Fadel at Upbound Inc is $8,665,400. There are no executives at Upbound Inc getting paid more.
Mitchell Fadel is 62, he's been the Chief Executive Officer a Director of Upbound Inc since 2017. There are 4 older and 11 younger executives at Upbound Inc. The oldest executive at Upbound Group Inc is Michael Gade, 68, who is the Independent Director.
Mitchell's mailing address filed with the SEC is 5501, Headquarters Drive, Plano, Collin County, Texas, 75024, United States.
Over the last 21 years, insiders at Upbound Inc have traded over $343,269,718 worth of Upbound Inc stock and bought 2,287,693 units worth $25,021,872 . The most active insiders traders include Capital Llc Engaged Capital..., Advisors Iv Lp Apollo a Investment Fund Iv Lp Apollo. On average, Upbound Inc executives and independent directors trade stock every 58 days with the average trade being worth of $3,884,546. The most recent stock trade was executed by Jeffrey J Brown on 10 January 2023, trading 1,084 units of RCII stock currently worth $26,233.
Rent-A-Center, Inc. is an industry leading omni-channel lease-to-own provider for the cash and credit constrained customer. The Company focuses on improving the quality of life for its customers by providing access and the opportunity to obtain ownership of high-quality, durable products via small payments over time under a flexible lease-purchase agreement and no long-term debt obligation. Preferred Lease provides virtual and staffed lease-to-own solutions to retail partners in stores and online enabling its partners to grow sales by expanding their customer base utilizing its differentiated offering. The Rent-A-Center Business and Mexico segments provide lease-to-own options on products such as furniture, appliances, consumer electronics, and computers in approximately 1,950 Rent-A-Center stores in the United States, Mexico, and Puerto Rico and on its e-commerce platform, Rentacenter.com.The Franchising segment is a national franchiser of approximately 460 franchise locations. Rent-A-Center is headquartered in Plano, Texas.
Upbound Inc executives and other stock owners filed with the SEC include: