PROG Holdings, Inc. SEC Filings

PROG Holdings, Inc. reported that Chief Legal and Compliance Officer Michael Todd King sold a total of 2,000 shares of common stock in open‑market or private transactions. He sold 930 shares on August 4, 2026 and 1,070 shares on August 5, 2026, each at $46.00 per share.

PROG Holdings, Inc., a fintech holding company for Progressive Leasing, Four Technologies, MoneyApp and Purchasing Power, announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on its common stock.

The dividend is scheduled to be paid on September 3, 2026 to shareholders of record at the close of business on August 18, 2026. The company provides a range of inclusive and transparent consumer payment options, including lease-to-own, Buy Now, Pay Later, short-term liquidity solutions and voluntary employee purchase programs.

PROG Holdings, Inc. (PRG) reports a planned sale of 2,000 shares of common stock through Fidelity Brokerage Services LLC on the NYSE, with an aggregate value of $91,060.00. The reporting person lists prior share acquisitions, including 277 shares from an ESPP purchase on 12/31/2024 and restricted stock vestings of 1,242 shares on 03/01/2025 and 481 shares on 03/07/2025.

Michael T. King filed a notice to sell common stock of PRG through Fidelity Brokerage Services LLC on the NYSE. The planned sale covers 1,070 shares with an indicated value of $49,220.00 as of 08/05/2026. The filing also lists prior equity awards from the issuer, including restricted stock vesting of 526 shares on 11/01/2023 and 544 shares on 03/01/2024 as compensation, and a sale in the past three months of 930 shares for $42,780.00 on 08/04/2026.

PRG filed a Form 144 indicating a proposed sale of 930 shares of common stock through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $42,780.00 and an expected sale date of 08/04/2026. The filing also lists prior acquisitions of common stock through restricted stock vesting awards used as compensation, including 778 shares vesting on 03/07/2022 and 152 shares vesting on 11/01/2023.

Vanguard Capital Management, together with certain affiliated Vanguard entities, reports beneficial ownership of 2,003,701 shares of PROG Holdings Inc common stock on a Schedule 13G. This represents 5% of the class as of June 30, 2026.

The filing states Vanguard Capital Management has sole voting power over 298,872 shares and sole dispositive power over 2,003,701 shares, with no shared voting or dispositive power. The reported holdings include securities held by Vanguard funds and other managed accounts over which these entities exercise voting and/or dispositive authority. Vanguard indicates that, although its clients and funds have rights to dividends and sale proceeds, no single other person has an interest in more than 5% of the class through these holdings.

PROG Holdings, Inc., a financial technology holding company with Progressive Leasing, Purchasing Power and Four segments, reported second-quarter 2026 revenues of 719,715 (in thousands), up from 588,503 (in thousands) a year earlier. Net earnings were 37,029 (in thousands), slightly below 38,483 (in thousands), with diluted earnings per share of $0.91. For the first half of 2026, revenues were 1,462,389 (in thousands) and net earnings were 73,083 (in thousands).

On January 2, 2026, the company acquired Purchasing Power for cash consideration of 424,227 (in thousands), adding a new reportable segment. The deal increased goodwill and other intangibles to 459,714 (in thousands) and assets to 2,048,066 (in thousands), while total debt rose to 887,064 (in thousands), including 600,000 (in thousands) of 6.00% senior notes and 293.7 million of consolidated asset‑backed VIE debt. Operating cash flow for the first half was 277,936 (in thousands), with 414,218 (in thousands) used in investing activities, primarily for the acquisition and loan funding. Purchasing Power contributed 237,500 (in thousands) of revenue and a pre‑tax net loss of 7,800 (in thousands) in the first half, while discontinued Vive operations produced a small net loss.

PROG Holdings, Inc. reported second‑quarter 2026 revenue from continuing operations of $719.7 million, up 22.3% year over year, with consolidated gross merchandise volume of $902.0 million, up 60.1%. Net earnings from continuing operations were $37.4 million, while adjusted EBITDA reached $88.4 million (12.3% margin) and non‑GAAP diluted EPS rose to $1.19 from $1.00.

Progressive Leasing delivered modest GMV growth but lower revenue, while Four and Purchasing Power produced triple‑digit and double‑digit GMV gains, respectively. The company ended the quarter with a net leverage ratio of 1.7x, having reduced total debt by $304.9 million since acquiring Purchasing Power, repurchased $10.2 million of stock, and paid a $0.14 dividend. Management raised full‑year 2026 revenue, adjusted EBITDA, and non‑GAAP EPS outlooks and issued Q3 2026 guidance. Separately, director Douglas C. Curling passed away on July 25, 2026, and the Board size was reduced from ten to nine members.

PROG Holdings, Inc. executive Lee A. Wright, President of Purchasing Power, has filed an initial Form 3 reporting his beneficial ownership of common stock. The filing shows direct holdings of 8,091 shares in one entry and 50,000 shares in another entry following the reported positions.

Footnotes explain that Wright received restricted stock units in connection with his appointment as President of Purchasing Power, which are expected to vest on December 3, 2028, and a separate restricted stock award expected to vest in three equal installments on March 2, 2027, 2028, and 2029, subject to grant agreements.