Director Cynthia Day receives 4,953-share RSU award at PROG Holdings (PRG)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAY CYNTHIA N reported acquisition or exercise transactions in this Form 4 filing.
PROG Holdings, Inc. director Cynthia N. Day received an equity award tied to the company’s common stock. She was granted 4,953 restricted stock units valued at $36.34 per share as part of the annual RSU grant for non-employee directors, which are expected to vest on May 6, 2027. Following this award, she directly holds 49,625 shares of common stock, including shares received through the company’s dividend reinvestment program for non-employee directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DAY CYNTHIA N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,953 | $36.34 | $180K |
Holdings After Transaction:
Common Stock — 49,625 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
RSUs granted: 4,953 units
Grant value per share: $36.34 per share
Shares held after grant: 49,625 shares
+1 more
4 metrics
RSUs granted
4,953 units
Annual RSU grant to non-employee director on May 6, 2026
Grant value per share
$36.34 per share
Value used for the 4,953-unit RSU award
Shares held after grant
49,625 shares
Total common stock directly held by Cynthia N. Day after the award
RSU vesting date
May 6, 2027
Expected vesting date for the 4,953 RSUs
Key Terms
restricted stock units (RSUs), dividend reinvestment program, non-employee directors
3 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.
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
"represent the annual RSU grant made to non-employee directors, and are expected to vest..."
FAQ
What did PROG Holdings (PRG) director Cynthia N. Day report in this Form 4?
Cynthia N. Day reported receiving 4,953 restricted stock units tied to PROG Holdings common stock. The grant is part of the annual equity awards for non-employee directors and reflects compensation rather than an open-market stock purchase or sale.
When do Cynthia N. Day’s new PROG Holdings (PRG) RSUs vest?
The 4,953 restricted stock units granted to Cynthia N. Day are expected to vest on May 6, 2027. Vesting means the units convert into common shares she fully owns, assuming she meets the continued service and other standard conditions attached to the award.
Was Cynthia N. Day’s PROG Holdings (PRG) Form 4 a stock purchase or sale?
The Form 4 reflects an acquisition through a grant, not a market trade. Cynthia N. Day received 4,953 restricted stock units as director compensation, coded as a grant/award acquisition, rather than buying or selling shares on the open market.
How was the value of Cynthia N. Day’s PROG Holdings (PRG) RSU grant determined?
The filing reports the 4,953 restricted stock units at a value of $36.34 per share. This figure represents the grant-date value used for the award and helps quantify the size of the annual equity compensation granted to the non-employee director.