Director Ray M Robinson receives 4,953 RSUs at PROG Holdings (PRG)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ROBINSON RAY M reported acquisition or exercise transactions in this Form 4 filing.
PROG Holdings, Inc. director Ray M Robinson received a grant of 4,953 shares of Common Stock valued at $36.34 per share as a restricted stock unit (RSU) award. This annual grant for non-employee directors is expected to vest on May 6, 2027. After this award, Robinson directly holds 52,850 shares, which include shares accumulated 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
ROBINSON RAY M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,953 | $36.34 | $180K |
Holdings After Transaction:
Common Stock — 52,850 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
Grant value per share: $36.34/share
Total shares after grant: 52,850 shares
+1 more
4 metrics
RSU grant size
4,953 shares
Annual RSU grant to non-employee director on May 6, 2026
Grant value per share
$36.34/share
Reference price for RSU award
Total shares after grant
52,850 shares
Direct holdings following transaction
RSU vesting date
May 6, 2027
Expected vesting for 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 insider transaction did PROG Holdings (PRG) report for Ray M Robinson?
PROG Holdings reported that director Ray M Robinson received 4,953 shares of Common Stock as a restricted stock unit award. The grant reflects his annual RSU compensation as a non-employee director and is recorded at a reference price of $36.34 per share.
When do Ray M Robinson’s new RSUs in PROG Holdings (PRG) vest?
The restricted stock units granted to Ray M Robinson are expected to vest on May 6, 2027. Vesting means the RSUs convert into shares the director fully owns, subject to any applicable service or other conditions tied to the grant.
Was the PROG Holdings (PRG) transaction a market purchase or sale?
The transaction was not a market trade; it was an award of restricted stock units classified as a grant or other acquisition. The Form 4 code “A” and description show this is compensation-related, rather than an open-market buy or sell order.
What does the $36.34 figure mean in the PROG Holdings (PRG) RSU grant?
The Form 4 lists a price of $36.34 per share for the 4,953 RSUs granted to Ray M Robinson. This value is typically a reference or grant-date fair value used for reporting, not necessarily a cash purchase price paid in a market transaction.