Phreesia (PHR) director Gillian Munson receives 19,290 RSU equity award
Rhea-AI Filing Summary
Munson Gillian reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Gillian Munson received an equity award of 19,290 Restricted Stock Units (RSUs) valued at $9.59 per unit. Each RSU represents one share of common stock and will vest in full on the earlier of June 24, 2027 or the next annual shareholder meeting. Munson has elected to defer this grant, and will receive the underlying shares after leaving the board and incurring a separation from service, or five years from the grant date. Following this award, she is reported as holding 66,104 shares of common stock directly.
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Insights
Routine RSU grant increases director’s deferred equity stake.
This Form 4 shows Gillian Munson, a director of Phreesia, Inc., receiving 19,290 RSUs as board compensation under the 2019 Stock Option and Incentive Plan. RSUs are equity awards that convert into common shares upon vesting.
The RSUs vest in a single tranche on the earlier of June 24, 2027 or the next annual stockholder meeting, aligning the director’s incentives with longer-term shareholder interests. The grant is recorded at a reference value of $9.59 per unit.
Munson elected to defer settlement under the Non-Employee Director Deferred Compensation Program, so she will receive shares after a qualifying separation from service or five years from grant. This is a standard governance and tax-planning structure, and the transaction appears as routine director compensation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,290 | $9.59 | $185K |
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 on the earlier of (a) 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, or (b) five years from the date of grant of the deferred RSUs.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
2019 Stock Option and Incentive Plan financial
Non-Employee Director Deferred Compensation Program financial
separation from service regulatory
Section 409A of the Internal Revenue Code regulatory
FAQ
What did Phreesia (PHR) director Gillian Munson report in this Form 4?
How many Phreesia (PHR) RSUs were granted to director Gillian Munson and at what value?
When will Gillian Munson’s Phreesia (PHR) RSUs vest according to the filing?
What deferral election did Gillian Munson make for her Phreesia (PHR) RSU grant?
Is Gillian Munson’s Phreesia (PHR) Form 4 transaction a market purchase or sale?
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