PROG officer covers tax via share withholding

PROG Holdings, Inc. insider Michael Todd King, the company’s Chief Legal and Compliance Officer, reported a disposition of 5,067 shares of common stock at $33.26 per share.

Accepted by SEC EDGAR 03/09/2026 - 09:28 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PROG Holdings, Inc. insider Michael Todd King, the company’s Chief Legal and Compliance Officer, reported a disposition of 5,067 shares of common stock at $33.26 per share. According to the filing, these shares were delivered or withheld to pay tax liabilities tied to restricted stock units vesting on March 6, 2026.

After this tax-withholding transaction, King directly owned 62,825 shares of PROG Holdings common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 5,067 shares

Exercise Price or Tax Liability 1 txn

Insider King Michael Todd

Role Chief Legal and Compliance Off

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	5,067	$33.26	$169K

Holdings After Transaction: Common Stock — 62,825 shares (Direct)

Holdings Before and After: Common Stock, 67,892 to 62,825 shares (Direct)

Footnotes (1)

1. F1. Payment of a tax liability by delivering or withholding securities incident to the vesting of restricted stock units on March 6, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Michael Todd King report in PROG Holdings (PRG) Form 4?

Michael Todd King reported a tax-related disposition of PROG Holdings common stock. The Form 4 shows 5,067 shares were delivered or withheld to satisfy tax liabilities when restricted stock units vested on March 6, 2026, rather than an open-market purchase or sale.

How many PROG Holdings (PRG) shares were withheld for taxes?

The Form 4 reports that 5,067 PROG Holdings common shares were used to cover tax liabilities. These shares were delivered or withheld incident to the vesting of restricted stock units on March 6, 2026, at a reported price of $33.26 per share.

What is Michael Todd King’s role at PROG Holdings (PRG)?

Michael Todd King is identified as an officer of PROG Holdings, serving as Chief Legal and Compliance Officer. His reported Form 4 transaction involves common stock used to satisfy tax obligations from restricted stock unit vesting, not a discretionary open-market trade.

Did the PROG Holdings (PRG) Form 4 show an open-market sale by the insider?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were delivered or withheld to pay tax liabilities arising from restricted stock units vesting on March 6, 2026, consistent with the transaction code F disclosure in the filing.

How many PROG Holdings (PRG) shares does Michael Todd King hold after this transaction?

After the tax-withholding disposition, Michael Todd King directly owned 62,825 PROG Holdings common shares. This figure reflects his holdings following the delivery or withholding of 5,067 shares used to satisfy tax obligations tied to restricted stock unit vesting.

What transaction code was used in the PROG Holdings (PRG) Form 4?

The Form 4 uses transaction code F, indicating payment of a tax liability by delivering or withholding securities. This code matches the footnote stating the 5,067 shares were used to cover taxes when restricted stock units vested on March 6, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

King Michael Todd

(Last) (First) (Middle)

256 WEST DATA DR

(Street)

DRAPER UT 84020

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROG Holdings, Inc. [ PRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal and Compliance Off

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/06/2026		F(1)		5,067	D	$33.26	62,825	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Payment of a tax liability by delivering or withholding securities incident to the vesting of restricted stock units on March 6, 2026.

Remarks:

	/s/ George M. Sewell, by Power of Attorney for Todd King	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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