Steven Michaels is Chief Executive Officer of PROG Holdings, Inc. (PRG). The company reported total compensation of $9,880,430 for fiscal year 2025.
| Salary | $1,000,000 |
|---|---|
| Bonus | $0 |
| Stock awards | $7,424,432 |
| Option awards | $0 |
| Non-equity incentive plan | $1,408,500 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $47,498 |
| Total | $9,880,430 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure PROG Holdings, Inc. filed March 26, 2026, accession 0001808834-26-000053.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Chief Executive Officer | $1,000,000 | $0 | $7,424,432 | $0 | $1,408,500 | $0 | $47,498 | $9,880,430 |
| FY2024 | Chief Executive Officer | $1,000,000 | $0 | $10,044,764 | $0 | $2,256,000 | $0 | $27,600 | $13,328,364 |
| FY2023 | Chief Executive Officer | $975,000 | $0 | $4,675,007 | $1,250,010 | $2,251,895 | $0 | $40,319 | $9,192,231 |
| FY2022 | Chief Executive Officer | $950,000 | $0 | $1,150,012 | $1,150,507 | $266,000 | $0 | $12,200 | $3,528,719 |
| FY2021 | Chief Executive Officer | $900,000 | $0 | $3,705,015 | $1,111,116 | $1,358,600 | — | $383,300 | $7,458,031 |
| FY2020 | Chief Executive Officer | $647,404 | $0 | $1,453,939 | $304,526 | $1,208,400 | — | $111,724 | $3,725,993 |
| FY2019 | Chief Executive Officer | $625,000 | — | $1,056,510 | $354,971 | $604,900 | — | $26,031 | $2,667,412 |
Totals as disclosed in each year's own compensation disclosure for PROG Holdings, Inc..
| Peer-group chief executive median | $11,703,176 |
|---|---|
| Difference from that median | $-1,822,746 |
| Percentile within the disclosed peer group | 42nd |
| Peers with a disclosed figure | 18 |
Medians and percentiles are computed across the peer group PROG Holdings, Inc. discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Steven Michaels this page | Chief Executive Officer | $9,880,430 |
| Brian Garner | Chief Financial Officer | $3,032,660 |
| Todd King | Chief Legal and Compliance Officer | $1,806,235 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full PROG Holdings, Inc. compensation brief.
Steven Michaels's compensation sits inside PROG Holdings, Inc.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.