Form 4: Phreesia Director Edward Cahill Acquires Shares

Phreesia Director Edward Cahill acquired 441 shares of common stock through a deferred compensation program, increasing his direct beneficial ownership to 63,784 shares.

Summary

• Edward L. Cahill, a Director of Phreesia, Inc. (PHR), acquired 441 shares of common stock.
• The transaction occurred on October 31, 2025, at a price of $22.64 per share.
• These shares were granted as Deferred Stock Units (DSUs) as a result of the director's election to receive DSUs in lieu of an annual cash retainer.
• The DSUs are part of Phreesia, Inc.'s Non-Employee Director Deferred Compensation Program and are awarded quarterly in arrears.
• Following this transaction, Edward L. Cahill directly beneficially owns 63,784 shares of Phreesia, Inc. common stock.
• The underlying common stock will be received by the director on the earlier of 90 days after ceasing to serve on the Board and incurring a 'separation from service,' or five years from the DSU grant date.

Sentiment

Score: 6

Explanation: Slightly positive, as a director increasing their stake, even through deferred compensation, generally indicates confidence in the company's future. However, it's a routine compensation event rather than an open market purchase.

Positives

• A director acquiring additional shares, even through a compensation program, can signal confidence in the company's future prospects and align management interests with shareholders.
• The existence of a Non-Employee Director Deferred Compensation Program allows directors flexibility in their compensation structure.

Future Outlook

The Deferred Stock Units (DSUs) granted will convert into underlying common stock on the earlier of 90 days after the director ceases to serve on the Board and incurs a 'separation from service,' or five years from the date of the DSU grant.

Industry Context

This Form 4 filing reports a routine insider transaction related to director compensation, which is a common practice across various industries for aligning director interests with company performance.

Corporate Governance

Related Party Transactions

• The acquisition of Deferred Stock Units by Director Edward L. Cahill as part of his compensation package is a related party transaction, as it involves a company director.

Stakeholder Impact

• Shareholders: The acquisition of shares by a director, even through a compensation program, can be viewed positively as it increases insider ownership and aligns director interests with shareholder value.

Next Steps

• The Deferred Stock Units (DSUs) will convert into common stock upon the earlier of 90 days after the director's separation from service or five years from the grant date.

Key Dates

Keywords

Phreesia, PHR, Edward Cahill, Director, Stock Acquisition, Deferred Compensation, Form 4, Insider Transaction