Garner Brian 4

What Happened

• Brian Garner, Chief Financial Officer of PROG Holdings (PRG), received two stock awards on February 24, 2026 totaling 37,615 shares: 15,909 restricted shares recorded at $0.00 and 21,706 performance shares priced at $37.08 each (performance shares valued at $804,858). These were reported on a Form 4 filed February 26, 2026.

Key Details

• Transaction date: February 24, 2026 (Form 4 filed Feb 26, 2026).
• Awards: 15,909 shares @ $0.00 (restricted stock award); 21,706 shares @ $37.08 (performance shares, $804,858).
• Vesting: Restricted shares (15,909) expected to vest in three equal installments on March 2, 2027, 2028 and 2029 (see footnote). The performance shares were determined earned on Feb 24, 2026 and are expected to vest in three equal installments on March 2, 2026, 2027 and 2028.
• ESPP note: The filing states the reported share count includes 626 shares purchased through the company’s Employee Stock Purchase Plan (June 30, 2025 and Dec 31, 2025).
• Transaction code: A = Award/Grant. Shares owned after the transactions are not disclosed in the provided filing.
• Timeliness: Filing appears timely (transaction Feb 24; Form 4 filed Feb 26). No late‑filing flag reported.

Context

• These were compensation awards (not open‑market purchases). The $0.00 entry indicates restricted stock grant; the performance-share award reflects achievement of preset goals by the Compensation Committee. Vesting schedules mean the shares are subject to future forfeiture or restrictions until they vest and therefore are not the same as an immediate market purchase.