PROG Holdings CEO Steven Michaels' 2021 pay jumps 100% to $7.5M
PROG Holdings reports 2021 executive compensation
By ExecPay News
Published: April 25, 2022
PROG Holdings reported fiscal year 2021 executive compensation information on April 25, 2022.
In 2021, four executives at PROG Holdings received on average a compensation package of $3.5M, a 55% increase compared to previous year.
Average pay of disclosed executives at PROG Holdings
Steven A. Michaels, Chief Executive Officer, received $7.5M in total, which increased by 100% compared to 2020. 50% of Michaels' compensation, or $3.7M, was in stock awards. Michaels also received $1.4M in non-equity incentive plan, $1.1M in option awards, $900K in salary, as well as $383K in other compensation.
For fiscal year 2021, the median employee pay was $53,542 at PROG Holdings. Therefore, the ratio of Steven A. Michaels' pay to the median employee pay was 139 to one.
Curtis L. Doman, Chief Innovation Officer, received a compensation package of $3M, which increased by 9% compared to previous year. 46% of the compensation package, or $1.4M, was in stock awards.
Brian J. Garner, Chief Financial Officer, earned $2M in 2021, a 115% increase compared to previous year.
Marvin A. Fentress, General Counsel, received $1.7M in 2021, which decreases by 2% compared to 2020.
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Source: SEC filing on April 25, 2022.