Form 4: PROG Holdings Officer Michael Todd King Reports Tax Liability Transaction
SEC Form 4 Filing
Chief Legal and Compliance Officer Michael Todd King reports a transaction involving the withholding of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 7, 2025, Michael Todd King, Chief Legal and Compliance Officer of PROG Holdings, Inc., had 2,901 shares of common stock withheld to cover a tax liability.
- The shares were withheld at a price of $28.15 per share.
- Following the transaction, King directly owns 55,147 shares of PROG Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of compliance for publicly traded companies, providing transparency into insider transactions. This filing indicates a standard tax liability event related to vesting equity.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: Shares withheld for tax liability. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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