Form 4: PROG Holdings CEO Steven Michaels Reports Stock Transaction
SEC Form 4 Filing
Steven A. Michaels, President and CEO of PROG Holdings, Inc., reported a transaction involving common stock on March 1, 2024, to cover tax liabilities related to vesting restricted stock.
Summary
- On March 1, 2024, Steven A. Michaels, the President and CEO of PROG Holdings, Inc., engaged in a transaction involving the company's common stock.
- The transaction involved the withholding of 27,761 shares to cover a tax liability related to the vesting of restricted stock.
- The price per share for the transaction was $31.4.
- Following the transaction, Michaels directly owns 472,565 shares of PROG Holdings common stock.
- Michaels also indirectly owns 9,000 shares through his spouse.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (withholding of shares for tax liability). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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