Brian Garner - Mar 1, 2022 Form 4 Insider Report for PROG Holdings, Inc. (PRG)

Signature
/s/ George M. Sewell, by Power of Attorney for Brian Garner
Stock symbol
PRG
Transactions as of
Mar 1, 2022
Transactions value $
$1,034,422
Form type
4
Date filed
3/3/2022, 08:10 PM
Previous filing
Aug 5, 2021
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRG Common Stock Award $0 +9K +50.7% $0.00 26.8K Mar 1, 2022 Direct F1, F2
transaction PRG Common Stock Award $331K +11.4K +42.44% $29.16 38.1K Mar 1, 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 $703K +24.1K $29.16 24.1K Mar 1, 2022 Stock Options (Right to Buy) 24.1K $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.