Phreesia (NYSE: PHR) director takes stock units instead of cash retainer
Rhea-AI Filing Summary
CAHILL EDWARD L reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Edward L. Cahill received a grant of 1,085 shares of Common Stock valued at $9.21 per share. This award reflects deferred stock units taken instead of an annual cash retainer under Phreesia’s Non-Employee Director Deferred Compensation Program.
Following this compensation grant, Cahill directly holds 65,613 shares of Phreesia common stock. The footnote explains that the underlying common stock will be delivered either after he leaves the board and has a qualifying separation from service, or five years after the grant date.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 1,085 shares
Net Buy
1 txn
Insider
CAHILL EDWARD L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,085 | $9.21 | $10K |
Holdings After Transaction:
Common Stock — 65,613 shares (Direct)
Footnotes (1)
- F1. Granted as a result of director's election to receive deferred stock units ("DSUs") in lieu of an annual cash retainer pursuant to Phreesia, Inc.'s Non-Employee Director Deferred Compensation Program. The DSUs are awarded on the date such annual cash retainer would otherwise be payable (i.e., quarterly in arrears). Director shall receive underlying common stock on the earlier of (i) 90 days after ceasing to serve as a member of the Board of Directors of the Issuer and incurring a "separation from service" within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, or (ii) five years from the date of grant of the DSUs.
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