Form 4: Phreesia CFO Acquires RSUs
Statement of Changes in Beneficial Ownership
Phreesia's Chief Financial Officer, Balaji Gandhi, acquired 35,573 Restricted Stock Units (RSUs) on April 6, 2026, as a conversion of his earned cash bonus.
Summary
- Balaji Gandhi, Chief Financial Officer of Phreesia, Inc., acquired 35,573 Restricted Stock Units (RSUs) on April 6, 2026.
- These RSUs were granted in lieu of a cash bonus earned for the fiscal year ending January 31, 2026.
- The RSUs represent 115% of the earned cash bonus amount.
- The grant was based on a per-share value of $9.15, which was the closing price of Phreesia's common stock on April 6, 2026.
- Following this transaction, Gandhi beneficially owns 182,313 shares of common stock.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it reflects standard executive compensation practices and an executive's continued investment in the company's equity, rather than a significant financial event.
Positives
- The CFO's acquisition of RSUs indicates confidence in the company's future performance.
- The conversion of cash bonus to RSUs aligns executive compensation with long-term shareholder value.
- The RSUs were fully vested as of the grant date, providing immediate benefit to the executive.
Future Outlook
The filing does not contain specific forward-looking statements or guidance. However, the acquisition of RSUs by the CFO may imply a positive outlook on the company's future performance.
Industry Context
StockSavvy.ai notes that the conversion of cash bonuses into Restricted Stock Units (RSUs) is a common practice in the software and healthcare technology sectors, aiming to retain key executives and align their interests with long-term shareholder value. This aligns with industry trends of performance-based compensation tied to equity.
Stakeholder Impact
- Shareholders: The transaction does not directly impact the number of outstanding shares but reflects executive commitment to the company's equity.
- Employees: This filing is specific to executive compensation and does not directly impact general employee compensation structures.
- Management: The CFO is aligning a portion of his compensation with equity performance.
Key Dates
| Date | Description |
|---|---|
| 01/31/2026 | Fiscal year end for which cash bonus was earned. |
| 04/06/2026 | Date of RSU grant and transaction. |
| 04/06/2026 | Closing price of Issuer's common stock used for RSU valuation. |
| 04/08/2026 | Date of signature on the filing. |
Keywords
Phreesia, PHR, Form 4, RSU, Restricted Stock Units, Balaji Gandhi, Chief Financial Officer, Executive Compensation, Stock Acquisition
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