Form 4: Gillian Munson Reports Acquisition of Phreesia Inc. Stock via Restricted Stock Units

Director Gillian Munson reports the acquisition of 8,490 shares of Phreesia Inc. common stock through Restricted Stock Units (RSUs) as part of the company's 2019 Stock Option and Incentive Plan.

Summary

• Gillian Munson, a director of Phreesia, Inc., reported the acquisition of 8,490 shares of common stock on June 26, 2024.
• The acquisition was through Restricted Stock Units (RSUs) granted under the company's 2019 Stock Option and Incentive Plan.
• Each RSU represents the contingent right to receive one share of Phreesia's common stock.
• The RSUs will vest in full on the earlier of June 26, 2025, or the next annual meeting of Phreesia's stockholders.
• Munson has elected to defer the grant under Phreesia's Non-Employee Director Deferred Compensation Program.
• The underlying common stock will be received either 90 days after Munson ceases to be a director and incurs a 'separation from service' or five years from the grant date of the deferred RSUs.
• Following the transaction, Munson beneficially owns 35,777 shares of Phreesia Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. The acquisition of shares by a director is generally viewed positively, but it's a routine event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The director will receive the underlying common stock either 90 days after ceasing to serve as a director or five years from the grant date.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates