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 the vesting of restricted stock.
Summary
- On March 7, 2024, Brian Garner, the Chief Financial Officer of PROG Holdings, engaged in a transaction where 3,691 shares of common stock were disposed of to cover a tax liability.
- The shares were withheld in connection with the vesting of restricted stock.
- The price per share was $31.39.
- Following the transaction, Garner directly owns 112,220 shares of PROG Holdings common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, transact in their company's stock. These filings provide transparency into the trading activities of those with privileged information.
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 |
|---|---|
| 03/07/2024 | Date of transaction: shares disposed of to cover tax liability. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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