For a star the proper motion, $\mu$, is usually measured in arcseconds per year. The diagram below illustrates how the quantities of radial, tangential and true velocity are related. The radial and tangential velocities are clearly components of the true velocity that have been resolved usefully relative to an observer on the Sun.
Given a known value of $\mu$, this link states that the tangential velocity, $V_\theta$, is related to the proper motion by the equation
$$V_\theta = 4.7\mu d$$
where $d$ is the distance, and $V_\theta$ is the tangential velocity. I am unsure of where the factor of $4.7$ comes from. However, other sources give it as $V_\theta = \mu d$, although they do not define any units.
Could anyone confirm the units of the above quantities, and which equation is correct, as well as the origin of the 4.7?