---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-348299"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2021-12-06T23:59:59+00:00"
generated_at: "2026-06-28T03:35:38.921485+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings completes $425M tender offer, buying 8.67M shares at $49/share, ~13.2% of outstanding

## Summary
- Purchased 8,673,469 shares at $49.00 per share for aggregate cost of ~$425 million.
- Shares acquired represent ~13.2% of outstanding common stock as of Dec 1, 2021.
- Tender offer is first step of previously announced $1 billion share repurchase program.
- Preliminary pro-ration factor for tendered shares is 80.6%.
- CEO reaffirms capital allocation framework prioritizing growth, M&A, and shareholder returns.

## SEC filing metadata
- accession: 0001193125-21-348299
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2021-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000119312521348299/0001193125-21-348299-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000119312521348299/d222664d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-348299
- JSON: https://secwatch.observer/filing/0001193125-21-348299.json
- Plain text: https://secwatch.observer/filing/0001193125-21-348299.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.