PROG Holdings, Inc.

NYSE:PRG Stock Report

Market Cap: US$1.7b

PROG Holdings Management

Management criteria checks 2/4

PROG Holdings' CEO is Steve Michaels, appointed in Apr 2014, has a tenure of 10.67 years. total yearly compensation is $9.19M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.99% of the company’s shares, worth $17.36M. The average tenure of the management team and the board of directors is 3.9 years and 4.1 years respectively.

Key information

Steve Michaels

Chief executive officer

US$9.2m

Total compensation

CEO salary percentage10.6%
CEO tenure10.7yrs
CEO ownership1.0%
Management average tenure3.9yrs
Board average tenure4.1yrs

Recent management updates

Recent updates

Even With A 26% Surge, Cautious Investors Are Not Rewarding PROG Holdings, Inc.'s (NYSE:PRG) Performance Completely

Aug 10
Even With A 26% Surge, Cautious Investors Are Not Rewarding PROG Holdings, Inc.'s (NYSE:PRG) Performance Completely

PROG Holdings, Inc.'s (NYSE:PRG) Price Is Right But Growth Is Lacking

Apr 19
PROG Holdings, Inc.'s (NYSE:PRG) Price Is Right But Growth Is Lacking

PROG Holdings: Don't Buy Just Yet

Feb 26

Investors Aren't Buying PROG Holdings, Inc.'s (NYSE:PRG) Earnings

Jan 02
Investors Aren't Buying PROG Holdings, Inc.'s (NYSE:PRG) Earnings

PROG: EPS Expectations Increases, Reorganization Initiatives, And Cheap

Dec 22

PROG Holdings: Strong Growth Is Shown And A Buy Visible

Sep 11

PROG Holdings: I Wouldn't Be Surprised To See Profit Taking

Jun 14

PROG Holdings Non-GAAP EPS of $0.84 beats by $0.25, revenue of $612.1M beats by $11.63M

Feb 22

PROG Holdings: Huge Potential But Substantial Risk

Nov 13

PROG Holdings Non-GAAP EPS of $0.68 beats by $0.04, revenue of $625.82M beats by $4.28M

Oct 26

PROG Holdings Non-GAAP EPS of $0.52 beats by $0.10, revenue of $649.4M misses by $0.71M

Jul 27

Lacklustre Performance Is Driving PROG Holdings, Inc.'s (NYSE:PRG) 33% Price Drop

Mar 08
Lacklustre Performance Is Driving PROG Holdings, Inc.'s (NYSE:PRG) 33% Price Drop

CEO Compensation Analysis

How has Steve Michaels's remuneration changed compared to PROG Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$158m

Jun 30 2024n/an/a

US$109m

Mar 31 2024n/an/a

US$113m

Dec 31 2023US$9mUS$975k

US$139m

Sep 30 2023n/an/a

US$156m

Jun 30 2023n/an/a

US$137m

Mar 31 2023n/an/a

US$120m

Dec 31 2022US$4mUS$950k

US$99m

Sep 30 2022n/an/a

US$100m

Jun 30 2022n/an/a

US$142m

Mar 31 2022n/an/a

US$191m

Dec 31 2021US$7mUS$900k

US$244m

Sep 30 2021n/an/a

US$248m

Jun 30 2021n/an/a

US$265m

Mar 31 2021n/an/a

US$255m

Dec 31 2020US$4mUS$647k

US$234m

Sep 30 2020n/an/a

US$28m

Jun 30 2020n/an/a

-US$7m

Mar 31 2020n/an/a

-US$23m

Dec 31 2019US$3mUS$625k

-US$25m

Sep 30 2019n/an/a

US$200m

Jun 30 2019n/an/a

US$204m

Mar 31 2019n/an/a

US$200m

Dec 31 2018US$3mUS$613k

US$125m

Sep 30 2018n/an/a

US$312m

Jun 30 2018n/an/a

US$294m

Mar 31 2018n/an/a

US$291m

Dec 31 2017US$2mUS$550k

US$293m

Compensation vs Market: Steve's total compensation ($USD9.19M) is above average for companies of similar size in the US market ($USD5.54M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.

CEO

Steve Michaels (52 yo)

10.7yrs

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

NamePositionTenureCompensationOwnership
Steven Michaels
CEO, President & Director10.7yrsUS$9.19m0.99%
$ 17.4m
Curtis Doman
Co-Founder & Directorno dataUS$972.30k0.50%
$ 8.7m
Brian Garner
Chief Financial Officer4yrsUS$3.10m0.10%
$ 1.8m
Todd King
Chief Legal & Compliance Officer1.6yrsUS$1.44m0.025%
$ 432.4k
Trevor Thatcher
Chief Operations Officer5.1yrsno datano data
George Sewell
Principal Accounting Officer & VP of Financial Reporting4yrsno data0.031%
$ 539.8k
Sridhar Nallani
Chief Technology Officer1.8yrsno datano data
John Baugh
Vice President of Investor Relationsno datano datano data
Mark Delcorps
Director of Corporate Communicationsno datano datano data
Debra Fiori
Chief People Officer3.7yrsno datano data
Ryan Ray
President of Lending2.4yrsno datano data
Michael Giordano
Chief Commercial Officer3.9yrsno datano data

3.9yrs

Average Tenure

51yo

Average Age

Experienced Management: PRG's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Steven Michaels
CEO, President & Director4.1yrsUS$9.19m0.99%
$ 17.4m
Curtis Doman
Co-Founder & Director9.3yrsUS$972.30k0.50%
$ 8.7m
Douglas Curling
Independent Director8.9yrsUS$262.43k0.065%
$ 1.1m
Ray Robinson
Independent Chairman of the Board22.1yrsUS$357.00k0.078%
$ 1.4m
Cynthia Day
Independent Director13.2yrsUS$267.42k0.070%
$ 1.2m
James Smith
Independent Director3.6yrsUS$241.01k0.019%
$ 332.5k
Ramon Martinez
Independent Director3.3yrsUS$241.01k0.019%
$ 325.5k
Robert Julian
Directorless than a yearno datano data
Kathy Betty
Independent Director12.3yrsUS$257.43k0.12%
$ 2.0m
Daniela Mielke
Directorless than a yearno datano data
Sio-Chin Sheu
Independent Director3.3yrsUS$241.01k0.019%
$ 325.5k

4.1yrs

Average Tenure

58yo

Average Age

Experienced Board: PRG's board of directors are considered experienced (4.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:58
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PROG Holdings, Inc. is covered by 22 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew McCallBB&T Capital Markets
Alexander MarocciaBerenberg
Jason HaasBofA Global Research