Director at Progyny (NASDAQ: PGNY) receives RSUs and stock options grant
Rhea-AI Filing Summary
Progyny, Inc. director Jeffrey G. Park reported equity compensation awards in the form of restricted stock units and stock options. He received 7,924 RSUs, each representing one share of common stock, and his common stock holdings increased to 39,981 shares following the award.
On the same date, he was granted stock options covering 31,458 shares of common stock at a conversion price of $24.69 per share, issued in lieu of a $64,985 annual cash retainer for board and committee service, and additional options covering 5,205 shares. The RSUs and options vest on the earlier of May 21, 2027 or the day immediately preceding Progyny’s first annual meeting of stockholders following the grant date, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,924 shares
Net Buy
3 txns
Insider
Park Jeffrey G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 5,205 | $12.49 | $65K |
| Grant/Award | Stock Option (Right to Buy) | 31,458 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,924 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 36,663 shares (Direct);
Common Stock — 39,981 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. The option was issued to the Reporting Person in lieu of an annual cash retainer of $64,985 for board and committee service. 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.
- F3. 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: 7,924 units
Common shares after grant: 39,981 shares
Stock options grant: 31,458 shares
+5 more
8 metrics
RSUs granted
7,924 units
Restricted stock units awarded to director on May 21, 2026
Common shares after grant
39,981 shares
Director’s common stock holdings following RSU award
Stock options grant
31,458 shares
Options with a $24.69 conversion price issued in lieu of cash retainer
Additional stock options
5,205 shares
Additional options referencing common stock as underlying security
Option conversion price
$24.69 per share
Conversion or exercise price for reported stock options
Cash retainer replaced
$64,985
Annual board and committee cash retainer replaced by stock options
Option expiration
May 20, 2036
Expiration date for the reported stock options
Vesting date reference
May 21, 2027
Latest vesting date for RSUs and options, subject to continued service
Key Terms
restricted stock units ("RSUs"), annual cash retainer, Stock Option (Right to Buy), conversion or exercise price
4 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.
annual cash retainer financial
"The option was issued to the Reporting Person in lieu of an annual cash retainer of $64,985 for board and committee service."
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
conversion or exercise price financial
"conversion_or_exercise_price: "24.6900""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Progyny (PGNY) director Jeffrey G. Park report in this Form 4?
Jeffrey G. Park reported equity compensation awards from Progyny, including restricted stock units and stock options. These awards increase his exposure to Progyny common stock as part of his board compensation rather than reflecting any open-market buying or selling activity.
How many Progyny (PGNY) restricted stock units did Jeffrey G. Park receive?
He received 7,924 restricted stock units, each equal to one share of Progyny common stock. These RSUs vest based on future service, rather than being immediately tradeable, aligning his compensation with longer-term participation on the company’s board.
What stock option grants did Jeffrey G. Park receive from Progyny (PGNY)?
He was granted stock options covering 31,458 shares of Progyny common stock, plus additional options covering 5,205 shares. Both option grants are structured as rights to buy shares at a fixed conversion price, subject to the specified vesting conditions and service requirements.
What is the cash retainer amount replaced by stock options at Progyny (PGNY)?
One option grant was issued in lieu of an annual cash retainer of $64,985 for board and committee service. Instead of receiving that cash, Jeffrey G. Park accepted stock options that vest over time, further tying his compensation to Progyny’s equity.
When do Jeffrey G. Park’s Progyny (PGNY) RSUs and options vest?
The RSUs and related stock options vest on the earlier of May 21, 2027 or the calendar day immediately preceding Progyny’s first annual meeting of stockholders following the grant date. Vesting is conditioned on Jeffrey G. Park’s continued service through that date.