Brian Garner - 01 Mar 2022 Form 4 Insider Report for PROG Holdings, Inc. (PRG)

Role: Chief Financial Officer
Signature: /s/ George M. Sewell, by Power of Attorney for Brian Garner
Issuer symbol: PRG
Transactions as of: 01 Mar 2022
Net transactions value: +$1,034,422
Form type: 4
Filing time: 03 Mar 2022, 20:10:33 UTC
Previous filing: 05 Aug 2021
Next filing: 09 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRG	Common Stock	Award	$0	+9,003	+51%	$0.000000	26,760	01 Mar 2022	Direct	F1, F2
transaction	PRG	Common Stock	Award	$331,170	+11,357	+42%	$29.16	38,117	01 Mar 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PRG	Stock Options (Right to Buy)	Award	$703,252	+24,117		$29.16	24,117	01 Mar 2022	Stock Options (Right to Buy)	24,117	$29.16	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock award is expected to vest in three equal increments on each of March 7, 2023, 2024 and 2025, subject to the grant agreement between the Issuer and the Reporting Person.
F2	Number of shares reported includes 500 shares purchased through the Issuer's Employee Stock Purchase Plan on December 31, 2021.
F3	On March 1, 2022, the Compensation Committee of the Issuer's Board of Directors determined these performance shares were earned, based on the level of attainment of various performance goals. These shares, which were granted in March 2021, are expected to vest in three equal increments on each of March 7, 2022, 2023 and 2024, subject to the grant agreement between the Issuer and the Reporting Person.
F4	Stock option award is expected to vest in three equal increments on each of March 7, 2023, 2024 and 2025, subject to the grant agreement between the Issuer and the Reporting Person.