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 March 7, 2025, Brian Garner, the Chief Financial Officer of PROG Holdings, engaged in a transaction where 12,083 shares of common stock were disposed of to cover a tax liability.
- The shares were withheld at a price of $28.15 per share.
- Following the transaction, Garner directly owns 129,097 shares of PROG Holdings common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction where shares were withheld to cover tax liability. |
| 03/11/2025 | Date of signature for the Form 4 filing. |
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