Phreesia (PHR) director Jon Kessler receives 19,290 RSUs as equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kessler Jon reported acquisition or exercise transactions in this Form 4 filing.
Phreesia, Inc. director Jon Kessler received a grant of 19,290 shares of Common Stock in the form of Restricted Stock Units at an indicated value of $9.59 per share. These RSUs vest in full on the earlier of June 24, 2027 or the company’s next annual stockholder meeting. Following this award, Kessler directly holds 43,884 shares of Phreesia common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kessler Jon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,290 | $9.59 | $185K |
Holdings After Transaction:
Common Stock — 43,884 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 19,290 shares
Grant reference price: $9.59 per share
Post-grant holdings: 43,884 shares
+1 more
4 metrics
RSU grant size
19,290 shares
Restricted Stock Units awarded to director Jon Kessler
Grant reference price
$9.59 per share
Indicated value per RSU for the award
Post-grant holdings
43,884 shares
Kessler’s direct Phreesia common stock holdings after the transaction
Vesting date
June 24, 2027
Latest possible full vesting date for RSUs
Key Terms
Restricted Stock Units, RSUs, 2019 Stock Option and Incentive Plan
3 terms
Restricted Stock Units 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 are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Each RSU represents the contingent right to receive one share of the Issuer's common stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
2019 Stock Option and Incentive Plan financial
"RSUs issued under the Phreesia, Inc. 2019 Stock Option and Incentive Plan."
FAQ
What insider transaction did Phreesia (PHR) report for Jon Kessler?
Phreesia reported that director Jon Kessler received 19,290 Restricted Stock Units of common stock. The award is a compensation-related grant, not an open-market purchase or sale, and increases his directly held position to 43,884 shares.
What type of securities did Jon Kessler receive from Phreesia (PHR)?
Jon Kessler received Restricted Stock Units, or RSUs, each representing one share of Phreesia common stock. These RSUs were granted under the company’s 2019 Stock Option and Incentive Plan as part of his director compensation.
When do Jon Kessler’s Phreesia (PHR) RSUs vest?
Kessler’s RSUs vest in full on the earlier of June 24, 2027 or the next annual meeting of Phreesia stockholders. This creates a single vesting event tied to either a time-based milestone or the upcoming annual meeting.
Was Jon Kessler’s Phreesia (PHR) transaction an open-market buy or sell?
The transaction was not an open-market buy or sell. It was a grant of 19,290 RSUs classified as a compensation-related acquisition, with no reported sale of shares and no open-market trade involved in this filing.