PROG Holdings, Inc. filings document regulatory disclosures for a NYSE-listed fintech holding company with common stock trading under PRG. Recent Form 8-K reports cover operating results, financial condition, dividends, outlook updates, investor presentations, material-event disclosures, board leadership changes, executive compensation arrangements and capital-structure matters tied to the company’s payment-products platform.
The company’s proxy materials disclose governance practices, director elections, shareholder voting matters, executive compensation and equity-award information. Filings also identify the company’s operating businesses, including Progressive Leasing, Four Technologies, MoneyApp and Purchasing Power, and provide formal records for recurring disclosure areas such as subsidiary activity, revenue recognition, leverage, shareholder returns and corporate governance.
PROG Holdings, Inc. Chief Legal and Compliance Officer Michael Todd King reported two tax-withholding stock transactions related to vesting restricted stock units. On February 27, 2026, 2,775 shares of common stock were disposed of at $35.21 per share, and on March 2, 2026, 2,663 shares were disposed of at $33.56 per share to cover tax liabilities. After the most recent transaction, he directly owned 67,892 shares of PROG Holdings common stock.
PROG Holdings director Curtis Linn Doman reported a tax-related share disposition. On February 27, 2026, 3,449 shares of common stock at $35.21 per share were withheld or delivered to satisfy a tax liability tied to vesting restricted stock units. Following this, he directly owned 28,112 common shares and indirectly held 174,524 shares through an LLC.
PROG Holdings, Inc. announced that its Board of Directors has increased the quarterly cash dividend to $0.14 per share of common stock, a 7.7% rise from the prior $0.13 dividend. The dividend will be paid on March 24, 2026 to shareholders of record as of March 12, 2026.
The company describes itself as a fintech holding company for Progressive Leasing, Purchasing Power, Four Technologies, and MoneyApp, offering various consumer-focused payment and financial products.
PROG Holdings, Inc. director and CEO Steven A. Michaels reported several equity compensation transactions. He exercised stock options for 41,796 shares of common stock and received two stock awards of 64,725 restricted shares and 87,111 performance-based shares, all on February 24, 2026. A total of 30,481 shares were withheld to cover the exercise price and tax obligations, and the filing states that no shares were sold on his behalf in connection with these transactions. After these movements, he directly owned 723,418 common shares, with an additional 10,000 shares held indirectly by his spouse.
PROG Holdings, Inc. Chief Financial Officer Brian Garner reported acquiring two grants of common stock. He received a restricted stock award of 15,909 shares at $0.00 per share and an additional 21,706 shares at $37.08 per share as a grant or award.
The restricted stock award is expected to vest in three equal parts on March 2, 2027, 2028 and 2029, subject to the grant agreement. The 21,706 shares relate to performance shares granted in February 2025, which were determined to be earned on February 24, 2026 and are expected to vest in three equal parts on March 2, 2026, 2027 and 2028.
PROG Holdings, Inc. principal accounting officer and VP of financial reporting George M. Sewell reported stock awards of the company’s common stock. On February 24, 2026, he acquired 12,751 shares as a restricted stock award at no cash price, expected to vest in three equal parts on March 2, 2027, March 2, 2028, and March 2, 2029, subject to the grant agreement. He also acquired 2,360 performance-based shares at $37.0800 per share, which the compensation committee determined were earned based on performance goals and are expected to vest in three equal parts on March 2, 2026, March 2, 2027, and March 2, 2028. After these transactions, he directly owned 33,176 shares and indirectly held 177 shares through a 401(k) plan, with reported holdings including 626 shares previously purchased under the employee stock purchase plan.
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.
PROG Holdings director receives stock award
PROG Holdings, Inc. director Curtis Linn Doman acquired a grant of 4,046 shares of common stock on a grant, award, or other acquisition basis at a stated price of $0.0000 per share. This is structured as a restricted stock award expected to vest in three equal increments on each of March 2, 2027, 2028 and 2029, subject to the grant agreement between the company and Doman.
After this award, he directly holds 31,561 common shares, which include 384 shares purchased through the company’s Employee Stock Purchase Plan on June 30, 2025 and December 31, 2025. He also has indirect beneficial ownership of 174,524 shares through an LLC.
PROG Holdings is a financial technology holding company focused on alternative payment options for near-prime and subprime consumers. Its Progressive Leasing segment provides in-store, app-based, and e-commerce lease-to-own solutions and generated about 96% of consolidated revenue for the year ended December 31, 2025.
The company also operates Four, a buy now, pay later platform, and MoneyApp for interest-free cash advances. In October 2025, PROG sold the loan portfolio of its Vive segment and began winding down that business. On January 2, 2026, it acquired Purchasing Power, which offers payroll-deduction purchasing programs to millions of employees.
Management highlights a unified ecosystem strategy, heavy use of proprietary decisioning algorithms, and significant reliance on large retail partners. Key risks include regulatory scrutiny of subprime and BNPL products, macroeconomic pressure on customers, cybersecurity threats, concentration in a few major POS partners, and compliance costs tied to evolving privacy and consumer protection rules.
PROG Holdings reported fourth-quarter 2025 consolidated revenues from continuing operations of $574.6 million, down 5.2% year over year, with net earnings of $40.5 million and net earnings from continuing operations of $19.9 million.
Adjusted EBITDA from continuing operations was $61.5 million, or 10.7% of revenues, and non-GAAP diluted EPS from continuing operations was $0.74 versus $0.78 a year earlier. Progressive Leasing’s GMV was $534.0 million, down 10.6%, while provision for lease merchandise write-offs improved to 7.6% of revenue.
The company ended 2025 with cash of $308.8 million and gross debt of $600.0 million, and generated $334.9 million in operating cash flow. For full-year 2026, PROG guides revenues from continuing operations of $3.02–$3.14 billion and diluted EPS from continuing operations of $3.34–$3.79, with non-GAAP diluted EPS of $4.00–$4.45.