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PROG Holdings (PRG) CEO awarded 137,590 restricted stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

PROG Holdings, Inc. Chairman, President and CEO Steven A. Michaels reported an equity compensation grant on Common Stock. He acquired 137,590 shares at $0.0000 per share in a grant, award, or other acquisition classified as non-derivative. A related footnote explains these restricted stock units are expected to vest in three equal increments on May 6, 2029, May 6, 2030 and May 6, 2031, subject to the grant agreement between the issuer and Michaels. Following the award, he directly owns 772,878 shares of Common Stock and also has indirect ownership of 10,000 shares held by his spouse.

Positive

  • None.

Negative

  • None.
Insider Michaels Steven A
Role Chairman, President and CEO
Type Security Shares Price Value
Grant/Award Common Stock 137,590 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 772,878 shares (Direct, null); Common Stock — 10,000 shares (Indirect, By Spouse)
Footnotes (1)
  1. [object Object]
Equity grant size 137,590 shares Non-derivative Common Stock grant to CEO
Grant price per share $0.0000 per share Transaction price for awarded shares
Direct holdings after grant 772,878 shares Common Stock directly owned by Michaels after transaction
Indirect spouse holdings 10,000 shares Common Stock held indirectly by spouse
restricted stock units financial
"These restricted stock units are expected to vest in three equal increments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant, award, or other acquisition financial
"transaction code description shows Grant, award, or other acquisition"
indirect ownership financial
"total_shares_following_transaction 10000.0000 with indirect ownership by spouse"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Michaels Steven A
(Last)(First)(Middle)
256 WEST DATA DR
(Street)
DRAPER UTAH 84020
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
PROG Holdings, Inc. [ PRG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman, President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/06/2026A137,590(1)A$0772,878D
Common Stock10,000IBy Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. These restricted stock units are expected to vest in three equal increments on each of May 6, 2029, 2030 and 2031, subject to the grant agreement between the Issuer and the Reporting Person.
Remarks:
/s/ George M. Sewell, by Power of Attorney for Steven A. Michaels05/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did PROG Holdings (PRG) CEO Steven A. Michaels report in this Form 4?

Steven A. Michaels reported an equity compensation award of PROG Holdings stock. The filing shows he acquired 137,590 shares of Common Stock through a grant, award, or other acquisition, rather than an open-market purchase or sale, reflecting stock-based compensation.

How many PROG Holdings (PRG) shares were granted to Steven A. Michaels?

Michaels was granted 137,590 shares of PROG Holdings Common Stock. The transaction is coded as a grant, award, or other acquisition at a price of $0.0000 per share, indicating a compensation-related award rather than a market transaction.

What is the vesting schedule for Steven A. Michaels’ PROG Holdings restricted stock units?

The restricted stock units are expected to vest in three equal increments. According to the footnote, they vest on May 6, 2029, May 6, 2030, and May 6, 2031, subject to the terms of the grant agreement between PROG Holdings and Michaels.

How many PROG Holdings (PRG) shares does Steven A. Michaels own after this grant?

After the grant, Michaels directly owns 772,878 PROG Holdings shares. The Form 4 also reports an additional 10,000 shares held indirectly through his spouse, giving him both direct and indirect exposure to the company’s Common Stock.

Is the PROG Holdings (PRG) CEO’s reported transaction a market buy or sell?

The reported transaction is a grant, not a market buy or sell. The Form 4 classifies it as a non-derivative acquisition with transaction code “A,” meaning a grant, award, or other acquisition at no cash purchase price per share.

What indirect PROG Holdings (PRG) holdings does Steven A. Michaels report?

Michaels reports indirect ownership of 10,000 PROG Holdings shares. These are classified as indirectly owned Common Stock “By Spouse,” indicating they are held in his spouse’s name, separate from his directly owned 772,878 shares.