DAY CYNTHIA N 4
Research Summary
AI-generated summary
PROG (PRG) Director Cynthia N. Day Receives RSU Award
What Happened
Cynthia N. Day, a director of PROG Holdings, received an award of 4,953 restricted stock units (RSUs) on May 6, 2026. The grant is reported at an award price of $36.34 per share for a total value of $179,992. This transaction is an award/grant (not a purchase or sale) representing future shares that are expected to vest.
Key Details
- Transaction date: 2026-05-06; Filing date: 2026-05-08 (Form 4 accession 0001808834-26-000075).
- Transaction type/code: A — Grant/award (RSUs). Reported value: 4,953 RSUs × $36.34 = $179,992.
- Vesting: These RSUs are annual director awards expected to vest on May 6, 2027 (Footnote F1).
- Share count note: The reported number includes shares received through the issuer’s dividend reinvestment program for non-employee directors (Footnote F2).
- Shares owned after the transaction: not specified in the filing.
- No indication of a sale or cashless exercise—this is a compensation grant, not a market trade.
Context
RSUs are deferred stock compensation for non-employee directors; they convert to actual shares only upon vesting (here, roughly one year). Such grants are routine director compensation and do not by themselves signal an immediate buying or selling intent.