Progyny (PGNY) Chief Product Officer has 819 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progyny, Inc. Chief Product Officer Geoffrey Clapp reported a routine share disposition related to taxes. On June 17, 2026, 819 shares of common stock were withheld at $26.60 per share to cover withholding taxes upon the vesting of restricted stock units. After this tax-withholding transaction, Clapp directly held 59,828 shares of Progyny common stock. This was not an open-market sale but an automatic share withholding to satisfy tax obligations tied to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clapp Geoffrey
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 819 | $26.60 | $22K |
Holdings After Transaction:
Common Stock — 59,828 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 819 shares
Per-share value for withholding: $26.60 per share
Shares held after transaction: 59,828 shares
3 metrics
Shares withheld for taxes
819 shares
Tax withholding on RSU vesting on June 17, 2026
Per-share value for withholding
$26.60 per share
Value used for tax-withholding calculation
Shares held after transaction
59,828 shares
Direct Progyny common stock holdings following Form 4 transaction
Key Terms
restricted stock units, withholding taxes, tax-withholding disposition, Form 4
4 terms
restricted stock units financial
"upon the vesting of restricted stock units granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"Shares withheld for payment of withholding taxes upon the vesting"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Progyny (PGNY) Chief Product Officer Geoffrey Clapp report on this Form 4?
Geoffrey Clapp reported that shares of Progyny common stock were withheld to cover taxes. The transaction reflects routine tax withholding upon vesting of restricted stock units, rather than an open-market purchase or sale of shares by the executive.