PROG Holdings, Inc.
PRG · Services-Equipment Rental & Leasing, NEC · 40.1M shares · -9%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $115M (gross $140M, SBC $25M)
Reference price $28.93 · est. market cap ~$1.2B — last insider purchase, 2025-05-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B77gen composite 68pct→77
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, RENAISSANCE TECHNOLOGIES LLC
- Buying back stockNet buyback — share count -9%/yr over 4y
- Strong balance sheetStrong balance sheet — $309M cash & investments
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, FMR LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
8.6%
Net margin
6.1%
Return on equity
19.7%
Return on assets
9.1%
ROIC
12.2%
Revenue growth (QoQ)
11.1%
Net-income growth
-25.6%
Debt / equity
0.8×
Net debt / EBITDA
1.2×
Free cash flow
$325M
EBITDA
$231M
Tangible book value
$393M
Cash & investments
$309M
Stock comp / revenue
1.2%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Michaels Steven A | Chairman, President and CEO | — |
| Garner Brian | Chief Financial Officer | — |
| King Michael Todd | Chief Legal and Compliance Off | — |
| Sewell George M | Principal Acct Off, VP Fin Rep | — |
| CURLING DOUGLAS C | Director | — |
| DAY CYNTHIA N | Director | — |
| Doman Curtis Linn | Director | — |
| JULIAN ROBERT K. | Director | — |
| Martinez Ramon Michael | Director | — |
| Mielke Daniela | Director | — |
| ROBINSON RAY M | Director | — |
| Sheu Caroline Sio-Chin | Director | — |
| Smith James P. | Director | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-06 | ROBINSON RAY M | Grant | 5.0K | $36.34 |
| 2026-05-06 | Michaels Steven A | Grant | 138K | — |
| 2026-05-06 | Smith James P. | Grant | 5.0K | $36.34 |
| 2026-05-06 | Sheu Caroline Sio-Chin | Grant | 5.0K | $36.34 |
| 2026-05-06 | Mielke Daniela | Grant | 5.0K | $36.34 |
| 2026-05-06 | Martinez Ramon Michael | Grant | 5.0K | $36.34 |
| 2026-05-06 | JULIAN ROBERT K. | Grant | 5.0K | $36.34 |
| 2026-05-06 | DAY CYNTHIA N | Grant | 5.0K | $36.34 |
| 2026-05-06 | CURLING DOUGLAS C | Grant | 5.0K | $36.34 |
| 2026-03-06 | Michaels Steven A | Tax withheld | 42K | $33.26 |
| 2026-03-06 | Garner Brian | Tax withheld | 13K | $33.26 |
| 2026-03-06 | Sewell George M | Tax withheld | 965 | $33.26 |
| 2026-03-06 | King Michael Todd | Tax withheld | 5.1K | $33.26 |
| 2026-03-06 | Doman Curtis Linn | Tax withheld | 491 | $33.26 |
| 2026-03-02 | Garner Brian | Tax withheld | 6.0K | $33.56 |
| 2026-03-02 | Michaels Steven A | Tax withheld | 22K | $33.56 |
| 2026-03-02 | Sewell George M | Tax withheld | 752 | $33.56 |
| 2026-03-02 | King Michael Todd | Tax withheld | 2.7K | $33.56 |
| 2026-02-27 | Sewell George M | Tax withheld | 1.1K | $35.21 |
| 2026-02-27 | King Michael Todd | Tax withheld | 2.8K | $35.21 |
| 2026-02-27 | Doman Curtis Linn | Tax withheld | 3.4K | $35.21 |
| 2026-02-27 | Garner Brian | Tax withheld | 7.6K | $35.21 |
| 2026-02-27 | Michaels Steven A | Tax withheld | 25K | $35.21 |
| 2026-02-24 | Michaels Steven A | Grant | 65K | — |
| 2026-02-24 | Michaels Steven A | Grant | 87K | $37.08 |
| 2026-02-24 | Michaels Steven A | Option exercise | 42K | $20.88 |
| 2026-02-24 | Michaels Steven A | Tax withheld | 30K | $37.83 |
| 2026-02-24 | Garner Brian | Grant | 16K | — |
| 2026-02-24 | Garner Brian | Grant | 22K | $37.08 |
| 2026-02-24 | Sewell George M | Grant | 13K | — |
| 2026-02-24 | King Michael Todd | Grant | 9.7K | $37.08 |
| 2026-02-24 | Sewell George M | Grant | 2.4K | $37.08 |
| 2026-02-24 | Doman Curtis Linn | Grant | 4.0K | — |
| 2026-02-24 | King Michael Todd | Grant | 7.9K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-07 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
| 2026-04-29 | ResultsExhibits | filing ↗ |
| 2026-04-07 | Exhibits | filing ↗ |
| 2026-03-10 | Reg FDExhibits | filing ↗ |
| 2026-03-02 | OtherExhibits | filing ↗ |
| 2026-02-18 | ResultsExhibits | filing ↗ |
| 2026-01-02 | Material agreementAcquisition/dispositionDebt obligationReg FDExhibits | filing ↗ |
| 2025-12-02 | Material agreementReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-07 | 2026-05-06 | 0001808834-26-000071 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001808834-26-000065 ↗ |
| 10-Q | 2026-04-29 | 2026-03-31 | 0001808834-26-000066 ↗ |
| 8-K/A | 2026-04-07 | 2026-01-02 | 0001808834-26-000057 ↗ |
| DEF 14A | 2026-03-26 | 2025-12-31 | 0001808834-26-000053 ↗ |
| 8-K | 2026-03-10 | 2026-03-10 | 0001808834-26-000051 ↗ |
| 8-K | 2026-03-02 | 2026-02-25 | 0001808834-26-000026 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0001808834-26-000012 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001808834-26-000011 ↗ |
| 8-K | 2026-01-02 | 2026-01-02 | 0001808834-26-000002 ↗ |
| 8-K | 2025-12-02 | 2025-12-01 | 0001808834-25-000118 ↗ |
| 8-K | 2025-11-07 | 2025-11-06 | 0001808834-25-000114 ↗ |