King Michael Todd 4

What Happened

• Michael King, Chief Legal & Compliance Officer of PROG Holdings (PRG), received two equity awards on February 24, 2026. He was issued 7,859 restricted shares (reported at $0.00) and 9,655 performance shares valued at $37.08 each (total value reported $358,007). The performance shares were granted in February 2025 and the Compensation Committee determined on Feb 24, 2026 that performance goals were met, so those shares were earned.

Key Details

• Transaction date: February 24, 2026 (reported on Form 4 filed Feb 26, 2026; Period of Report = Feb 24, 2026).
• Awards: 7,859 restricted shares at $0.00; 9,655 performance shares at $37.08 (total ~$358,007).
• Vesting:
  • Restricted stock (7,859) expected to vest in three equal installments on March 2, 2027, 2028 and 2029 (per filing footnote).
  • Performance shares (9,655) were determined earned and are expected to vest in three equal installments on March 2, 2026, 2027 and 2028 (per filing footnote).
• Shares reported include 669 shares purchased via the company Employee Stock Purchase Plan (ESPP) on June 30, 2025 and December 31, 2025 (footnote).
• Shares owned following the reported transactions were not specified in the provided summary.
• Filing appears timely (filed Feb 26, 2026 for a Feb 24, 2026 report); no late-filing indication noted.

Context

• These entries are awards/grants (code A) — not open-market purchases or sales. Awards are common components of executive compensation tied to service and performance; they do not by themselves indicate buying or selling sentiment in the market.
• The performance shares were explicitly marked “earned” by the Compensation Committee based on achievement of performance goals; vesting remains subject to the grant agreement and future vesting dates.