Todd King - Feb 28, 2024 Form 4 Insider Report for PROG Holdings, Inc. (PRG)

Role
Chief Legal and Compliance Off
Signature
/s/ George M. Sewell, by Power of Attorney for Todd King
Stock symbol
PRG
Transactions as of
Feb 28, 2024
Transactions value $
$318,431
Form type
4
Date filed
3/1/2024, 04:58 PM
Previous filing
Nov 2, 2023
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 +6.89K +42.36% $0.00 23.2K Feb 28, 2024 Direct F1, F2
transaction PRG Common Stock Award $0 +6.89K +29.75% $0.00 30K Feb 28, 2024 Direct F3
transaction PRG Common Stock Award $318K +10.8K +36.06% $29.40 40.9K Feb 28, 2024 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, 2025, 2026 and 2027, subject to the grant agreement between the Issuer and the Reporting Person.
F2 Number of shares reported includes 485 shares purchased through the Issuer's Employee Stock Purchase Plan on December 31, 2023.
F3 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.
F4 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 and May 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.