PROG Holdings (PRG) director receives 4,953-share RSU grant as annual award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Martinez Ramon Michael reported acquisition or exercise transactions in this Form 4 filing.
PROG Holdings, Inc. director Ramon Michael Martinez received a grant of 4,953 shares of common stock in the form of restricted stock units. The RSUs represent his annual grant as a non-employee director and are expected to vest on May 6, 2027. Following this award, he holds a total of 27,537 common shares directly, a figure that also reflects shares accumulated through the company’s dividend reinvestment program for non-employee directors. This is a compensation-related equity grant rather than an open-market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martinez Ramon Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,953 | $36.34 | $180K |
Holdings After Transaction:
Common Stock — 27,537 shares (Direct, null)
Footnotes (1)
- These restricted stock units (RSUs) represent the annual RSU grant made to non-employee directors, and are expected to vest on May 6, 2027. Number of shares reported includes shares received through the Issuer's dividend reinvestment program for non-employee directors.
Key Figures
RSU grant size: 4,953 shares
Grant value per share: $36.34 per share
Total shares after grant: 27,537 shares
+1 more
4 metrics
RSU grant size
4,953 shares
Annual restricted stock unit grant to non-employee director
Grant value per share
$36.34 per share
Reported value for the 4,953 RSUs
Total shares after grant
27,537 shares
Common stock directly held after RSU award
RSU vesting date
May 6, 2027
Expected vesting of annual RSU grant
Key Terms
restricted stock units (RSUs), annual RSU grant, dividend reinvestment program, non-employee directors
4 terms
restricted stock units (RSUs) financial
"These restricted stock units (RSUs) represent the annual RSU grant made to non-employee directors"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
annual RSU grant financial
"represent the annual RSU grant made to non-employee directors"
dividend reinvestment program financial
"includes shares received through the Issuer's dividend reinvestment program for non-employee directors"
A dividend reinvestment program lets investors automatically use cash dividends to buy more shares of the same company instead of taking the money as cash. Think of it like an automatic savings plan that turns small payouts into additional ownership, often including fractional shares, which can speed up compound growth and reduce the need for manual buying decisions — a convenience that can boost long-term returns for shareholders.
non-employee directors financial
"the annual RSU grant made to non-employee directors"
FAQ
What insider transaction did PROG Holdings (PRG) report for Ramon Michael Martinez?
PROG Holdings reported that director Ramon Michael Martinez received 4,953 restricted stock units as an annual equity grant. These RSUs are a compensation award rather than an open-market purchase and increase his directly held common stock position with the company.
When do Ramon Michael Martinez’s new PROG Holdings (PRG) RSUs vest?
The restricted stock units granted to Ramon Michael Martinez are expected to vest on May 6, 2027. Vesting means the RSUs convert into common shares he can fully own, subject to any applicable company policies and potential continued service requirements.
Was the PROG Holdings (PRG) Form 4 transaction a market purchase or sale?
The Form 4 transaction was not a market purchase or sale. It records a grant of 4,953 restricted stock units to director Ramon Michael Martinez as part of his non-employee director compensation, rather than an open-market trading decision.