Phreesia (PHR) director Jon Kessler receives two RSU grants totaling 24,594 units
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 two equity awards of restricted stock units (RSUs) on Common Stock as compensation. One award covers 4,376 RSUs that vest in full on the earlier of April 6, 2027 or the next annual stockholder meeting. A second award covers 20,218 RSUs that vest in four substantially equal annual installments beginning April 6, 2027. After these grants, Kessler directly holds 24,594 common-share-equivalent RSUs, aligning his compensation more closely with Phreesia’s future share performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kessler Jon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,376 | $0.00 | -- |
| Grant/Award | Common Stock | 20,218 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,376 shares (Direct)
Footnotes (1)
- 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) April 6, 2027 and (ii) the next annual meeting of the Issuer's stockholders. The shares reported in this transaction represent 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 four substantially equal annual installments beginning on April 6, 2027.
Key Figures
RSU grant 1: 4,376 RSUs
RSU grant 2: 20,218 RSUs
Post-transaction RSU holdings: 24,594 RSUs
+2 more
5 metrics
RSU grant 1
4,376 RSUs
Vest in full on earlier of April 6, 2027 or next annual meeting
RSU grant 2
20,218 RSUs
Vest in four substantially equal annual installments beginning April 6, 2027
Post-transaction RSU holdings
24,594 RSUs
Total direct common-share-equivalent RSUs after grants
Grant price per RSU
$0.00 per unit
Compensation-related awards, not open-market purchases
Form type
Form 4
Insider reporting of equity award acquisitions
Key Terms
restricted stock units ("RSUs"), contingent right, 2019 Stock Option and Incentive Plan, annual meeting of the Issuer's stockholders
4 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.
contingent right financial
"Each RSU represents the contingent right to receive one share of the Issuer's common stock."
2019 Stock Option and Incentive Plan financial
"RSUs issued under the Phreesia, Inc. 2019 Stock Option and Incentive Plan."
annual meeting of the Issuer's stockholders regulatory
"vest in full upon the earlier of (i) April 6, 2027 and (ii) the next annual meeting of the Issuer's stockholders."
FAQ
What insider transaction did Phreesia (PHR) report for Jon Kessler?
Phreesia reported that director Jon Kessler received two grants of restricted stock units on common stock as equity compensation. The awards total 4,376 time-based RSUs with single vesting and 20,218 RSUs vesting in installments, increasing his direct equity-linked holdings in Phreesia.
How many RSUs did Jon Kessler receive in the latest Phreesia (PHR) Form 4?
Jon Kessler received 4,376 restricted stock units in one grant and 20,218 restricted stock units in a second grant. Each RSU represents the contingent right to receive one share of Phreesia’s common stock, subject to vesting conditions and continued service on the board.
What are the vesting terms of Jon Kessler’s 4,376 RSU grant at Phreesia (PHR)?
The 4,376 RSUs vest in full upon the earlier of April 6, 2027 or the next annual meeting of Phreesia’s stockholders. This structure ties the award to both a fixed date and the company’s regular stockholder meeting cycle, encouraging continued board service.
How do the 20,218 RSUs granted to Jon Kessler at Phreesia (PHR) vest?
The 20,218 RSUs vest in four substantially equal annual installments beginning on April 6, 2027. This multi-year vesting schedule is typical for director or executive equity awards, designed to promote longer-term alignment with shareholder interests and ongoing service.