Form 4: PROG Holdings Officer Michael Todd King Reports Tax Liability Transaction
SEC Form 4 Filing
Michael Todd King, Chief Legal and Compliance Officer of PROG Holdings, Inc., reports a transaction involving the withholding of common stock to cover a tax liability.
Summary
- On March 7, 2024, Michael Todd King, the Chief Legal and Compliance Officer of PROG Holdings, Inc., engaged in a transaction where 542 shares of common stock were disposed of to cover a tax liability.
- The shares were withheld at a price of $31.39 per share.
- Following the transaction, King directly owns 38,436 shares of PROG Holdings, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It is a standard practice for companies to withhold shares to cover tax liabilities associated with the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of transaction where shares were withheld for tax liability. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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