Form 4: Phreesia Director Edward Cahill Acquires 400 Shares of Common Stock

Director Edward Cahill acquired 400 shares of Phreesia, Inc. common stock at $24.96 per share on April 30, 2025, through deferred stock units (DSUs) in lieu of an annual cash retainer.

Summary

• On April 30, 2025, Edward Cahill, a director of Phreesia, Inc., acquired 400 shares of common stock.
• The acquisition was made through the receipt of deferred stock units (DSUs) in lieu of an annual cash retainer, as part of Phreesia's Non-Employee Director Deferred Compensation Program.
• The price per share was $24.96.
• Following the transaction, Cahill directly owns 56,273 shares of Phreesia, Inc. common stock.
• The DSUs will be settled in common stock either 90 days after Cahill ceases to be a director or five years from the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation. There is no indication of positive or negative implications for the company's performance.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Future Outlook

The director will receive underlying common stock on the earlier of (i) 90 days after ceasing to serve as a member of the Board of Directors of the Issuer and incurring 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 (ii) five years from the date of grant of the DSUs.

Industry Context

Director compensation in the form of stock and deferred stock units is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Many companies use deferred stock units (DSUs) as part of their director compensation packages.
• The vesting terms of these DSUs (either separation from service or a fixed period) are fairly standard.
• Comparing Phreesia's director compensation structure with that of similar-sized companies in the healthcare technology sector would provide a more detailed benchmark.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value through equity ownership.

Key Dates

Keywords

Phreesia, Director, Edward Cahill, Common Stock, Deferred Stock Units, DSUs, Non-Employee Director Deferred Compensation Program, Form 4, Beneficial Ownership