PROG Holdings (NYSE: PRG) director awarded 4,953-share RSU grant, now holds 27,707 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROG Holdings director James P. Smith received an equity grant in the form of restricted stock units. On May 6, 2026 he acquired 4,953 shares of common stock as a grant/award at a reference price of $36.34 per share, increasing his direct holdings to 27,707 shares.
The filing explains these restricted stock units represent the annual RSU grant to non-employee directors and are expected to vest on May 6, 2027. The reported holdings also include shares accumulated through PROG Holdings' dividend reinvestment program for non-employee directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith James P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,953 | $36.34 | $180K |
Holdings After Transaction:
Common Stock — 27,707 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
Reference price per share: $36.34 per share
Shares held after transaction: 27,707 shares
+1 more
4 metrics
RSU grant size
4,953 shares
Annual RSU grant to non-employee director on May 6, 2026
Reference price per share
$36.34 per share
Reported transaction price for the RSU award
Shares held after transaction
27,707 shares
Total direct holdings following the grant
RSU vesting date
May 6, 2027
Expected vesting date for the annual RSU grant
Key Terms
restricted stock units (RSUs), annual RSU grant, dividend reinvestment program
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.
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.
FAQ
What did PROG Holdings (PRG) director James P. Smith report on this Form 4?
James P. Smith reported receiving 4,953 shares of PROG Holdings common stock as a grant of restricted stock units. This is compensation-related, not an open‑market purchase, and reflects his annual equity award as a non‑employee director.
When do James P. Smith’s PROG Holdings (PRG) restricted stock units vest?
The restricted stock units granted to James P. Smith are expected to vest on May 6, 2027. Vesting means the units convert into unrestricted shares he fully owns, assuming he satisfies any continued service or related conditions described in the company’s compensation arrangements.
Was the PROG Holdings (PRG) Form 4 transaction a market purchase or sale?
The Form 4 transaction was not an open‑market trade. It records a grant or award acquisition of restricted stock units to non‑employee director James P. Smith as part of his compensation, rather than a voluntary market buy or sell decision.