Equity grants boost PROG Holdings (PRG) CLO Michael King’s share stake

Rhea-AI Filing Summary

PROG Holdings, Inc. reported that Chief Legal and Compliance Officer Michael Todd King acquired common stock through two equity awards on February 24, 2026. He received a grant of 7,859 shares of restricted stock that is expected to vest in three equal parts on March 2, 2027, 2028 and 2029, subject to his grant agreement. He also acquired 9,655 performance shares, which the compensation committee determined were earned based on performance goals and are expected to vest in three equal parts on March 2, 2026, 2027 and 2028.

SEC Form 4

FORM 4

UNITED 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

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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^*

King Michael Todd

(Last) (First) (Middle)

256 WEST DATA DR

(Street)

DRAPER UT 84020

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROG Holdings, Inc. [ PRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal and Compliance Off

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/24/2026		A		7,859(1)	A	$0	63,675(2)	D
Common Stock	02/24/2026		A		9,655(3)	A	$37.08	73,330	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. Number of shares reported includes 669 shares purchased through the Issuer's Employee Stock Purchase Plan on June 30, 2025 and December 31, 2025.

3. 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.

Remarks:

	/s/ George M. Sewell, by Power of Attorney for Todd King	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did the PROG Holdings (PRG) Form 4 filing report for Michael Todd King?

The filing shows Michael Todd King, Chief Legal and Compliance Officer, acquired company stock through two equity awards. One is a restricted stock grant, and the other consists of performance shares that were determined to be earned based on performance goals set by the compensation committee.

How many PROG Holdings shares did Michael Todd King acquire in this Form 4?

Michael Todd King acquired 7,859 shares of restricted stock and 9,655 performance shares of PROG Holdings common stock. Both awards are categorized as grants or other acquisitions, increasing his directly held share count as reflected in the totals shown after each transaction in the filing.

What are the vesting terms for Michael Todd King’s restricted stock at PROG Holdings (PRG)?

The restricted stock award of 7,859 shares is expected to vest in three equal installments on March 2, 2027, March 2, 2028, and March 2, 2029. Vesting is subject to the terms and conditions of the grant agreement between PROG Holdings and Michael Todd King.

How were the performance shares in PROG Holdings’ Form 4 earned and when do they vest?

On February 24, 2026, the compensation committee determined that 9,655 performance shares were earned based on attainment of performance goals. These shares, originally granted in February 2025, are expected to vest in three equal increments on March 2, 2026, March 2, 2027, and March 2, 2028.

What role does Michael Todd King hold at PROG Holdings (PRG)?

Michael Todd King serves as Chief Legal and Compliance Officer at PROG Holdings. The Form 4 filing details stock-based compensation he received in that capacity, including a restricted stock award and earned performance shares with multi-year vesting schedules tied to grant agreements and performance determinations.

Does the PROG Holdings Form 4 mention prior share purchases by Michael Todd King?

Yes. A footnote states that the number of shares reported includes 669 shares purchased through PROG Holdings’ Employee Stock Purchase Plan on June 30, 2025 and December 31, 2025. This clarifies how his total reported ownership incorporates earlier employee stock purchase plan participation.