PROG Holdings, Inc. Initial Statement of Beneficial Ownership
PROG Holdings, Inc. executive Lee A. Wright, President of Purchasing Power, has filed an initial Form 3 reporting his beneficial ownership of common stock.
Sentiment and the balance of points
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Rhea-AI Filing Summary
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Represents restricted stock units (RSUs) granted in connection with the appointment of the Reporting Person to the position of President of Purchasing Power, a subsidiary of the Issuer. These RSUs are expected to vest on December 3, 2028, subject to the grant agreement between the Issuer and the Reporting Person.
- F2. Restricted stock award is expected to vest in three equal increments on each of March 2, 2027, 2028, and 2029, subject to the grant agreement between the Issuer and the Reporting Person.
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