PROG Holdings Management
Management criteria checks 2/4
PROG Holdings' CEO is Steve Michaels, appointed in Apr 2014, has a tenure of 10.08 years. total yearly compensation is $9.19M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.46% of the company’s shares, worth $6.59M. The average tenure of the management team and the board of directors is 3.3 years and 8.3 years respectively.
Key information
Steve Michaels
Chief executive officer
US$9.2m
Total compensation
| CEO salary percentage | 10.6% |
| CEO tenure | 10.1yrs |
| CEO ownership | 0.5% |
| Management average tenure | 3.3yrs |
| Board average tenure | 8.3yrs |
Recent management updates
Recent updates
PROG Holdings, Inc.'s (NYSE:PRG) Price Is Right But Growth Is Lacking
Apr 19
PROG Holdings: Don't Buy Just Yet
Feb 26Investors Aren't Buying PROG Holdings, Inc.'s (NYSE:PRG) Earnings
Jan 02PROG: EPS Expectations Increases, Reorganization Initiatives, And Cheap
Dec 22PROG Holdings: Strong Growth Is Shown And A Buy Visible
Sep 11PROG Holdings: I Wouldn't Be Surprised To See Profit Taking
Jun 14PROG Holdings Non-GAAP EPS of $0.84 beats by $0.25, revenue of $612.1M beats by $11.63M
Feb 22PROG Holdings: Huge Potential But Substantial Risk
Nov 13PROG Holdings Non-GAAP EPS of $0.68 beats by $0.04, revenue of $625.82M beats by $4.28M
Oct 26PROG Holdings Non-GAAP EPS of $0.52 beats by $0.10, revenue of $649.4M misses by $0.71M
Jul 27Lacklustre Performance Is Driving PROG Holdings, Inc.'s (NYSE:PRG) 33% Price Drop
Mar 08PROG Holdings: Keeps Ringing The Register
Jul 30PROG Holdings Is Ready To Dominate A $30-$40 Billion Market
Jul 21Did You Participate In Any Of PROG Holdings' (NYSE:PRG) Fantastic 137% Return ?
Mar 02If You Had Bought Aaron's Holdings Company (NYSE:AAN) Shares Five Years Ago You'd Have Earned 145% Returns
Nov 18
Aaron's raises dividend by 12.5%
Nov 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$113m |
| Dec 31 2023 | US$9m | US$975k | US$139m |
| Sep 30 2023 | n/a | n/a | US$156m |
| Jun 30 2023 | n/a | n/a | US$137m |
| Mar 31 2023 | n/a | n/a | US$120m |
| Dec 31 2022 | US$4m | US$950k | US$99m |
| Sep 30 2022 | n/a | n/a | US$100m |
| Jun 30 2022 | n/a | n/a | US$142m |
| Mar 31 2022 | n/a | n/a | US$191m |
| Dec 31 2021 | US$7m | US$900k | US$244m |
| Sep 30 2021 | n/a | n/a | US$248m |
| Jun 30 2021 | n/a | n/a | US$265m |
| Mar 31 2021 | n/a | n/a | US$255m |
| Dec 31 2020 | US$4m | US$647k | US$234m |
| Sep 30 2020 | n/a | n/a | US$28m |
| Jun 30 2020 | n/a | n/a | -US$7m |
| Mar 31 2020 | n/a | n/a | -US$23m |
| Dec 31 2019 | US$3m | US$625k | -US$25m |
| Sep 30 2019 | n/a | n/a | US$200m |
| Jun 30 2019 | n/a | n/a | US$204m |
| Mar 31 2019 | n/a | n/a | US$200m |
| Dec 31 2018 | US$3m | US$613k | US$125m |
| Sep 30 2018 | n/a | n/a | US$312m |
| Jun 30 2018 | n/a | n/a | US$294m |
| Mar 31 2018 | n/a | n/a | US$291m |
| Dec 31 2017 | US$2m | US$550k | US$293m |
Compensation vs Market: Steve's total compensation ($USD9.19M) is above average for companies of similar size in the US market ($USD5.72M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Steve Michaels (51 yo)
10.1yrs
Tenure
US$9,192,231
Compensation
Mr. Steven A. Michaels, also known as Steve, serves as Chief Executive Officer and Director at PROG Holdings, Inc since November 2020. He was Chief Executive Officer of Progressive Leasing Business Segment...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 10.1yrs | US$9.19m | 0.46% $ 6.6m | |
| Co-Founder & Director | no data | US$972.30k | 0.59% $ 8.5m | |
| Chief Financial Officer | 3.4yrs | US$3.10m | 0.088% $ 1.3m | |
| Chief Legal & Compliance Officer | less than a year | US$1.44m | 0.024% $ 341.3k | |
| Chief Operations Officer | 4.5yrs | no data | no data | |
| Principal Accounting Officer & VP of Financial Reporting | 3.4yrs | no data | 0.038% $ 540.3k | |
| Chief Technology Officer | 1.3yrs | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data | |
| Director of Corporate Communications | no data | no data | no data | |
| Chief People Officer | 3.1yrs | no data | no data | |
| President of Lending | 1.8yrs | no data | no data | |
| Chief Commercial Officer | 3.3yrs | no data | no data |
3.3yrs
Average Tenure
50yo
Average Age
Experienced Management: PRG's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.5yrs | US$9.19m | 0.46% $ 6.6m | |
| Co-Founder & Director | 8.8yrs | US$972.30k | 0.59% $ 8.5m | |
| Independent Director | 8.3yrs | US$262.43k | 0.062% $ 890.1k | |
| Independent Chairman of the Board | 21.5yrs | US$357.00k | 0.075% $ 1.1m | |
| Independent Director | 12.6yrs | US$267.42k | 0.068% $ 969.4k | |
| Independent Director | 3yrs | US$241.01k | 0.018% $ 261.5k | |
| Independent Director | 2.7yrs | US$241.01k | 0.018% $ 256.0k | |
| Independent Director | 11.8yrs | US$257.43k | 0.11% $ 1.6m | |
| Independent Director | 2.7yrs | US$241.01k | 0.018% $ 256.0k |
8.3yrs
Average Tenure
55yo
Average Age
Experienced Board: PRG's board of directors are considered experienced (8.3 years average tenure).