Cheryl Scott (NASDAQ: PGNY) gets new RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progyny, Inc. director Cheryl Scott received new equity compensation awards. She was granted 5,660 restricted stock units, each representing one share of common stock, and 27,119 stock options with an exercise price of $24.69 per share. Both the RSUs and options vest on the earlier of May 21, 2027 or the day before Progyny’s first annual stockholders’ meeting following the grant, subject to her continued board service. After these awards, she holds 19,772 shares of common stock directly, plus the 27,119 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Scott Cheryl
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 27,119 | $0.00 | -- |
| Grant/Award | Common Stock | 5,660 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 27,119 shares (Direct, null);
Common Stock — 19,772 shares (Direct, null)
Footnotes (1)
- Represents the number of shares of Issuer common stock underlying restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock. The RSUs will vest on the earlier of (i) May 21, 2027 or (ii) the calendar day immediately preceding the date of the Issuer's first annual meeting of stockholders following the grant date, subject to the Reporting Person's continued service on such date. The shares subject to the option will vest on the earlier of (i) May 21, 2027 or (ii) the calendar day immediately preceding the date of the Issuer's first annual meeting of stockholders following the grant date, subject to the Reporting Person's continued service on such date.
Key Figures
RSUs granted: 5,660 units
Options granted: 27,119 options
Option exercise price: $24.69 per share
+3 more
6 metrics
RSUs granted
5,660 units
Restricted stock units granted to Cheryl Scott on May 21, 2026
Options granted
27,119 options
Stock Option (Right to Buy) granted on May 21, 2026
Option exercise price
$24.69 per share
Exercise price for 27,119 stock options
Common shares held
19,772 shares
Total common stock directly held after the transaction
Underlying option shares
27,119 shares
Common stock underlying the new stock option grant
Vesting date
May 21, 2027
Final vesting date for RSUs and options, or earlier pre-meeting date
Key Terms
restricted stock units ("RSUs"), contingent right, Stock Option (Right to Buy), exercise price, +2 more
6 terms
restricted stock units ("RSUs") financial
"Represents the number of shares of Issuer common stock underlying restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of Issuer common stock."
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price":"24.6900""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
annual meeting of stockholders financial
"the Issuer's first annual meeting of stockholders following the grant date"
vesting financial
"The RSUs will vest on the earlier of (i) May 21, 2027 or (ii) the calendar day immediately preceding"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity awards did Cheryl Scott receive from Progyny (PGNY)?
Cheryl Scott received equity compensation consisting of 5,660 restricted stock units and 27,119 stock options. Each RSU represents one share of Progyny common stock, and the options give her the right to buy additional shares at a fixed exercise price.
What is the exercise price of Cheryl Scott’s new Progyny (PGNY) stock options?
Cheryl Scott’s newly granted stock options have an exercise price of $24.69 per share. This means she can purchase Progyny common stock at that fixed price once the options vest, provided she continues to meet the service requirements for the award.
When do Cheryl Scott’s Progyny (PGNY) RSUs and options vest?
Both the RSUs and stock options vest on the earlier of May 21, 2027 or the calendar day immediately preceding Progyny’s first annual stockholders’ meeting following the grant. Vesting requires Cheryl Scott’s continued service as a director through the applicable vesting date.
Are Cheryl Scott’s Progyny (PGNY) equity awards open-market purchases?
No. The Form 4 shows these as awards granted for zero cost, not open-market purchases. The transactions are coded as “A” for grants, reflecting compensation-related acquisitions of RSUs and options rather than discretionary buying or selling in the public market.
What type of security underlies Cheryl Scott’s Progyny (PGNY) option grant?
The stock option award covers 27,119 shares of Progyny common stock. Once vested, each option allows Cheryl Scott to buy one share at an exercise price of $24.69, giving her potential future ownership if she chooses to exercise.