Form 4: Phreesia Director Edward Cahill Acquires Additional Shares Through Deferred Stock Units

Director Edward Cahill increased his holdings in Phreesia through the acquisition of deferred stock units (DSUs) in lieu of a cash retainer.

Summary

• On April 30, 2024, Edward Cahill, a director of Phreesia, Inc., acquired 482 shares of common stock.
• The acquisition was made through the grant of deferred stock units (DSUs) as part of the company's Non-Employee Director Deferred Compensation Program.
• The DSUs were granted in lieu of an annual cash retainer, with each share priced at $20.74.
• Following the transaction, Cahill's total direct holdings in Phreesia common stock amounted to 46,086 shares.
• The underlying common stock will be received on the earlier of 90 days after ceasing 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. The director increasing their stake in the company is a positive sign, but it's not a major event.

Positives

• Director's increased stake in the company may signal confidence in Phreesia'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

Directors often receive stock-based compensation to align their interests with those of shareholders. DSU grants are a common method of providing such compensation.

Stakeholder Impact

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

Key Dates