Michaels Steven A 4

What Happened
Steven A. Michaels, President, CEO and Director of PROG Holdings, disposed of 41,759 shares on March 6, 2026 at an effective value of $33.26 per share, totaling approximately $1,388,904. This was not an open-market sale but a disposition of shares to satisfy tax withholding related to restricted stock unit (RSU) vesting.

Key Details

• Transaction date and price: March 6, 2026 — 41,759 shares at $33.26 each (total ~$1,388,904).
• Transaction code: F — shares delivered/withheld to pay tax liability on RSU vesting.
• Footnote: F1 — payment of a tax liability by delivering or withholding securities incident to the vesting of restricted stock units.
• Filing: Report filed March 9, 2026 (appears timely under Form 4 requirements).
• Shares owned after transaction: Not provided in the supplied filing data.

Context
This was a routine, administrative "cashless withholding" of shares to cover taxes upon RSU vesting, not a market sale intended to raise cash or signal a change in view. Such transactions are common when awards vest and generally should not be interpreted as a bearish insider trade.