PROG Holdings Plans $100 Million Accelerated Share Repurchase

TradingKeyOct 28, 2026 11:31 AM

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PROG Holdings, Inc. plans to enter an accelerated share repurchase agreement for $100 million of its common stock. To support this initiative, the Board of Directors replenished the existing repurchase program by adding $237 million, raising the total authorization for future buybacks to $500 million. Additionally, the board extended the program through October 26, 2029, or until the $500 million aggregate purchase limit is reached. PROG Holdings operates as the fintech holding company for Progressive Leasing, Four Technologies, MoneyApp, and Purchasing Power.

AI-generated summary

PROG Holdings, Inc. (NYSE: PRG) announced that it intends to enter into an accelerated share repurchase agreement to repurchase an aggregate of $100 million of its common stock.

In connection with the intended accelerated share repurchase, the company’s Board of Directors replenished its existing share repurchase program by adding $237 million. The addition brings the total amount available for future repurchases of PROG Holdings common stock to $500 million.

The board also extended the program through the earlier of October 26, 2029, or the date on which the company has repurchased common stock for an aggregate purchase price of $500 million.

PROG Holdings is the fintech holding company for Progressive Leasing, Four Technologies, MoneyApp and Purchasing Power.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

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