PROG Holdings (NYSE: PRG) CFO receives new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROG Holdings, Inc. Chief Financial Officer Brian Garner reported acquiring two grants of common stock. He received a restricted stock award of 15,909 shares at $0.00 per share and an additional 21,706 shares at $37.08 per share as a grant or award.
The restricted stock award is expected to vest in three equal parts on March 2, 2027, 2028 and 2029, subject to the grant agreement. The 21,706 shares relate to performance shares granted in February 2025, which were determined to be earned on February 24, 2026 and are expected to vest in three equal parts on March 2, 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Garner Brian
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,909 | $0.00 | -- |
| Grant/Award | Common Stock | 21,706 | $37.08 | $805K |
Holdings After Transaction:
Common Stock — 149,132 shares (Direct)
Footnotes (1)
- 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. Number of shares reported includes 626 shares purchased through the Issuer's Employee Stock Purchase Plan on June 30, 2025 and December 31, 2025. On February 24, 2026, 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 February 2025, are expected to vest in three equal increments on each of March 2, 2026, 2027 and 2028, subject to the grant agreement between the Issuer and the Reporting Person.
FAQ
What did PRG CFO Brian Garner report in this Form 4 filing?
Brian Garner reported two stock grants of PROG Holdings common stock. One is a restricted stock award and the other relates to earned performance shares, both classified as grants or awards rather than open-market purchases.
When do the new restricted stock awards for PRG’s CFO vest?
The restricted stock award for 15,909 shares is expected to vest in three equal increments on March 2, 2027, 2028 and 2029, subject to the terms of the grant agreement between PROG Holdings and the reporting person.
Are the PRG stock transactions by the CFO open-market buys or grants?
Both reported transactions are coded as “A”, meaning grant, award, or other acquisition. They reflect equity compensation and earned performance shares, not open-market purchases or sales of PROG Holdings common stock.