Fentress Marvin A 4
4 · PROG Holdings, Inc. · Filed Dec 14, 2020
Insider Transaction Report
Form 4
Fentress Marvin A
General Counsel, Corp Sec
Transactions
- Award
Common Stock
2020-11-30$39.39/sh+9,784$385,392→ 65,709 total - Award
Stock Options (Right to Buy)
2020-11-30$29.70/sh+1,079$32,046→ 13,879 totalExercise: $29.70Exp: 2025-02-06→ Stock Options (Right to Buy) (1,079 underlying) - Award
Stock Options (Right to Buy)
2020-11-30$25.07/sh+1,552$38,909→ 19,972 totalExercise: $25.07Exp: 2027-02-24→ Stock Options (Right to Buy) (1,552 underlying) - Award
Stock Options (Right to Buy)
2020-11-30$43.59/sh+991$43,198→ 12,751 totalExercise: $43.59Exp: 2028-03-02→ Stock Options (Right to Buy) (991 underlying) - Award
Common Stock
2020-11-30+2,037→ 67,746 total - Award
Stock Options (Right to Buy)
2020-11-30$20.88/sh+1,922$40,131→ 24,722 totalExercise: $20.88Exp: 2026-02-26→ Stock Options (Right to Buy) (1,922 underlying) - Award
Stock Options (Right to Buy)
2020-11-30$49.97/sh+761$38,027→ 9,791 totalExercise: $49.97Exp: 2029-02-21→ Stock Options (Right to Buy) (761 underlying) - Award
Stock Options (Right to Buy)
2020-11-30$39.38/sh+1,125$44,303→ 14,475 totalExercise: $39.38Exp: 2030-02-25→ Stock Options (Right to Buy) (1,125 underlying)
Footnotes (9)
- [F1]In connection with the spin-off of The Aaron's Company, Inc. from PROG Holdings, Inc., the Compensation Committee of the Issuer's Board of Directors determined these performance shares were earned, based on the level of attainment of various financial performance goals. These shares, which were granted in February 2020, are expected to vest in three equal increments on each of March 7, 2021, 2022 and 2023, subject to the grant agreement between the Issuer and the Reporting Person.
- [F2]In connection with the spin-off of The Aaron's Company, Inc. from PROG Holdings, Inc., the number of unvested restricted shares and performance shares granted to the Reporting Person prior to the spin-off were adjusted in accordance with the Employee Matters Agreement in a manner intended to preserve the aggregate value of the original corresponding PROG Holdings, Inc. equity grant, which resulted in the Reporting Person receiving these additional shares of PROG Holdings, Inc.
- [F3]In connection with the spin-off of The Aaron's Company, Inc. from PROG Holdings, Inc., the number of stock options granted to the Reporting Person prior to the spin-off, and exercise prices of each option award, were adjusted in accordance with the Employee Matters Agreement in a manner intended to preserve the aggregate value of the original corresponding PROG Holdings, Inc. grant of stock options, which resulted in the Reporting Person receiving these additional stock options of PROG Holdings, Inc. at the specified exercise prices.
- [F4]These options vested in equal increments on each of March 15, 2016, 2017, and 2018.
- [F5]These options vested in equal increments on each of March 15, 2017, 2018, and 2019.
- [F6]These options vested in equal increments on each of March 15, 2018, 2019, and 2020.
- [F7]Two thirds of these options vested on each of March 7, 2019 and 2020, with the other one third expected to vest on March 7, 2021, subject to the grant agreement between the Issuer and the Reporting Person.
- [F8]One third of these options vested on March 7, 2020. The remaining two thirds of these options are expected to vest in two equal increments on each of March 7, 2021 and 2022, subject to the grant agreement between the Issuer and the Reporting Person.
- [F9]These options are expected to vest in three equal increments on each of March 7, 2021, 2022 and 2023, subject to the grant agreement between the Issuer and the Reporting Person.