4//SEC Filing
Wakefield Blake 4
Accession 0001808834-20-000037
CIK 0001808834other
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 6:26 PM ET
Size
14.8 KB
Accession
0001808834-20-000037
Insider Transaction Report
Form 4
Wakefield Blake
President, Chief Revenue Off
Transactions
- Award
Stock Options (Right to Buy)
2020-11-30$43.59/sh+622$27,113→ 8,012 totalExercise: $43.59Exp: 2028-03-02→ Stock Options (Right to Buy) (622 underlying) - Award
Stock Options (Right to Buy)
2020-11-30$39.39/sh+2,238$88,155→ 28,788 totalExercise: $39.39Exp: 2030-02-25→ Stock Options (Right to Buy) (2,238 underlying) - Award
Common Stock
2020-11-30$39.39/sh+19,412$764,639→ 77,080 total - Award
Common Stock
2020-11-30+6,375→ 83,455 total - Award
Stock Options (Right to Buy)
2020-11-30$49.97/sh+1,433$71,607→ 18,443 totalExercise: $49.97Exp: 2029-02-21→ Stock Options (Right to Buy) (1,433 underlying)
Footnotes (6)
- [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 are expected to vest on March 7, 2021, subject to the grant agreement between the Issuer and the Reporting Person.
- [F5]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.
- [F6]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.
Documents
Issuer
PROG Holdings, Inc.
CIK 0001808834
Entity typeother
Related Parties
1- filerCIK 0001834909
Filing Metadata
- Form type
- 4
- Filed
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 6:26 PM ET
- Size
- 14.8 KB