Steven A. Michaels - Feb 28, 2024 Form 4 Insider Report for PROG Holdings, Inc. (PRG)

Role
President and CEO, Director
Signature
/s/ George M. Sewell, by Power of Attorney for Steven A. Michaels
Stock symbol
PRG
Transactions as of
Feb 28, 2024
Transactions value $
$4,076,722
Form type
4
Date filed
3/1/2024, 04:57 PM
Previous filing
Feb 13, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRG Common Stock Award $0 +63.3K +26.91% $0.00 298K Feb 28, 2024 Direct F1
transaction PRG Common Stock Award $0 +63.3K +21.2% $0.00 362K Feb 28, 2024 Direct F2
transaction PRG Common Stock Award $4.08M +139K +38.34% $29.40 500K Feb 28, 2024 Direct F3
holding PRG Common Stock 9K Feb 28, 2024 By Spouse
* 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, 2025, 2026 and 2027, subject to the grant agreement between the Issuer and the Reporting Person.
F2 Restricted stock award is expected to vest over two years, with 34 percent vesting on March 7, 2025 and 66 percent vesting on March 7, 2026, subject to the grant agreement between the Issuer and the Reporting Person.
F3 On February 28, 2024, 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 2023, are expected to vest in three equal increments on each of March 1, 2024, 2025 and 2026, subject to the grant agreement between the Issuer and the Reporting Person.