Phreesia awards HR executive 67,500 target stock units
The SVP, Human Resources' earned payout may range from 0% to 200% of target, with earned units vesting in thirds upon certification and on two anniversaries.
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Rhea-AI Filing Summary
Phreesia, Inc. SVP, Human Resources Amy Beth VanDuyn received a target award of 67,500 performance stock units on September 1, 2026. Each unit is a contingent right to one common share. The number earned depends on stock-price hurdles of $17.00, $22.00, $27.00 and $32.00 per share, measured using the average closing price over any consecutive 60-trading-day period during the performance period ending September 1, 2031. Actual payout may range from zero to 200% of target. Earned units generally require continued service and vest one-third upon certification, with the remaining thirds vesting on the first and second anniversaries of certification; earned and vested units are settled in shares following vesting, subject to deferred settlement provisions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units F1, F2, F3 | 67,500 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each performance stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2. The award was granted at a target level of 67,500 PSUs. The number of PSUs that may be earned depends on achievement of specified stock-price hurdles during the performance period beginning September 1, 2026 and ending September 1, 2031. Achievement is measured using the average closing price of the Issuer's common stock over any consecutive 60-trading-day period. Potential payouts are 0%, 50%, 100%, 150% or 200% of the target number of PSUs, subject to the award's interpolation provisions. The applicable hurdles are $17.00, $22.00, $27.00 and $32.00 per share.
- F3. PSUs earned with respect to an achieved hurdle vest one-third upon certification of achievement, one-third on the first anniversary of certification and one-third on the second anniversary, generally subject to continued service. Any outstanding earned PSUs vest no later than September 1, 2031. Earned and vested PSUs are settled in shares following vesting, subject to the deferred settlement provisions of the award. The actual number earned may range from zero to 200% of the target award. PSUs that are not earned by the end of the performance period are forfeited. Dividend equivalents accrue on the PSUs and are subject to the same earning and vesting conditions. Vested dividend equivalents are settled in shares when the related PSUs are settled.
Key Figures
Key Terms
Performance Stock Units financial
stock-price hurdles financial
interpolation provisions financial
deferred settlement provisions financial
FAQ
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