Form 4: PROG Holdings CFO Brian Garner Reports Tax Liability Transaction
SEC Form 4 Filing
Brian Garner, CFO of PROG Holdings, reports a transaction involving the withholding of shares to cover a tax liability related to vesting restricted stock units.
Summary
- On February 28, 2025, Brian Garner, the Chief Financial Officer of PROG Holdings, Inc., engaged in a transaction involving common stock.
- Garner disposed of 7,618 shares to cover a tax liability related to the vesting of restricted stock units.
- The shares were disposed of at a price of $28.37 per share.
- Following the transaction, Garner directly owns 141,179 shares of PROG Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's transaction related to tax obligations from vested stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction: Disposal of shares for tax liability. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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