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AI brief of an SEC Form 8-K · PROG Holdings (PRG)

PROG Holdings launches $100 million accelerated share buyback with Bank of America

Neutral Impact 3 of 5 shareholder

PROG Holdings entered into a $100 million accelerated share repurchase program with Bank of America on October 29, 2026, paying the full amount up front for an initial delivery of about 2.59 million shares. The final share count depends on volume-weighted average prices during the program, which is expected to settle by the end of the first quarter of 2027.

Key points

  • Repurchase size: $100 million, paid to Bank of America on October 29, 2026
  • Initial delivery: approximately 2.59 million shares of common stock
  • Final settlement expected by the end of the first quarter of 2027
  • Funded with existing cash and borrowings under the company's credit agreement

The filing

CompanyPROG Holdings (PRG)
Form8-K, current report
Filed with the SECNov 2, 2026, 8:06 AM ET
Accession number0001808834-26-000126

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.