Phreesia (PHR) awards 19,290 deferred RSUs to director
Rhea-AI Filing Summary
Goldstein Lainie reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Lainie Goldstein received a grant of 19,290 Restricted Stock Units under the company’s 2019 Stock Option and Incentive Plan. Each RSU represents the right to one common share, increasing her direct holdings to 70,485 shares after the award.
The RSUs will vest in full on the earlier of June 24, 2027 or the next annual stockholder meeting. Goldstein has elected to defer this grant under Phreesia’s Non-Employee Director Deferred Compensation Program, with the underlying shares delivered 90 days after she leaves the Board and incurs a separation from service under Section 409A.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 19,290 shares
Net Buy
1 txn
Insider
Goldstein Lainie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,290 | $9.59 | $185K |
Holdings After Transaction:
Common Stock — 70,485 shares (Direct)
Footnotes (1)
- F1. The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Phreesia, Inc. 2019 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's common stock. The RSUs shall vest in full upon the earlier of (i) June 24, 2027 and (ii) the next annual meeting of the Issuer's stockholders. Director has elected to defer this grant pursuant to Phreesia, Inc.'s Non-Employee Director Deferred Compensation Program. Director shall receive underlying common stock 90 days after director ceases to serve as a member of the Board of Directors of the Issuer and incurs a "separation from service" within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
Key Figures
RSU grant size: 19,290 RSUs
Grant fair value per share: $9.59 per share
Holdings after grant: 70,485 shares
+2 more
5 metrics
RSU grant size
19,290 RSUs
Director equity award on June 24, 2026
Grant fair value per share
$9.59 per share
Reported transaction price for RSU award
Holdings after grant
70,485 shares
Total direct holdings following RSU grant
RSU vesting date
June 24, 2027
Vests earlier of this date or next annual meeting
Deferral payout timing
90 days after separation
Shares delivered 90 days after director leaves Board
Key Terms
Restricted Stock Units ("RSUs"), 2019 Stock Option and Incentive Plan, Non-Employee Director Deferred Compensation Program, separation from service, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"The shares reported in this transaction represent Restricted Stock Units ("RSUs") issued under the Phreesia, Inc. 2019 Stock Option and Incentive Plan."
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.
2019 Stock Option and Incentive Plan financial
"RSUs issued under the Phreesia, Inc. 2019 Stock Option and Incentive Plan."
Non-Employee Director Deferred Compensation Program financial
"Director has elected to defer this grant pursuant to Phreesia, Inc.'s Non-Employee Director Deferred Compensation Program."
separation from service regulatory
"Director shall receive underlying common stock 90 days after director ceases to serve as a member of the Board of Directors of the Issuer and incurs a "separation from service"."
Section 409A regulatory
"separation from service" within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended."
FAQ
What did Phreesia (PHR) director Lainie Goldstein report in this Form 4?
Lainie Goldstein reported receiving 19,290 Restricted Stock Units from Phreesia. These RSUs were granted under the 2019 Stock Option and Incentive Plan and increase her direct holdings to 70,485 shares of common stock after the award, according to the Form 4 disclosure.
When do Lainie Goldstein’s new Phreesia RSUs vest?
The RSUs will vest in full on the earlier of June 24, 2027 or Phreesia’s next annual stockholder meeting. This single vesting date structure ties vesting to either a fixed calendar date or the company’s next annual meeting, whichever occurs first.
How is the Phreesia RSU grant to director Goldstein being deferred?
Goldstein elected to defer this RSU grant under Phreesia’s Non-Employee Director Deferred Compensation Program. She will receive the underlying common stock 90 days after ceasing Board service and incurring a separation from service, as defined under Section 409A of the Internal Revenue Code.
What plan governs the RSUs granted to Phreesia director Lainie Goldstein?
The RSUs were issued under the Phreesia, Inc. 2019 Stock Option and Incentive Plan. This plan provides for equity-based compensation, and in this case delivers director compensation in the form of Restricted Stock Units linked one-for-one to Phreesia common shares.
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