Form 4: Phreesia Director Gillian Munson Acquires RSUs

Phreesia, Inc. reports that Director Gillian Munson acquired 19,290 Restricted Stock Units (RSUs) on June 24, 2026, as part of a deferred compensation program.

Summary

• Director Gillian Munson acquired 19,290 Restricted Stock Units (RSUs) on June 24, 2026.
• The acquisition was made at a price of $9.59 per share.
• These RSUs are part of the Phreesia, Inc. 2019 Stock Option and Incentive Plan.
• The RSUs are subject to a deferred compensation program, with vesting occurring on June 24, 2027, or at the next annual stockholder meeting.
• The underlying common stock will be delivered 90 days after Munson ceases to serve as a director or five years from the grant date, whichever is earlier.
• Following this transaction, Munson beneficially owns 66,104 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it reports a standard insider transaction related to director compensation and does not provide new financial information or strategic updates.

Positives

• Director acquisition of company stock can signal confidence in the company's future prospects.
• The deferred compensation structure indicates a long-term commitment from the director.
• The transaction involves a significant number of RSUs, suggesting a substantial award.

Negatives

• The acquisition is part of a deferred compensation plan, meaning the shares are not immediately available to the director.
• The transaction price of $9.59 per share is noted, but without context of the current market price, its significance is limited.

Risks

• The value of the RSUs is subject to the future performance of Phreesia, Inc.'s stock price.
• Potential delays in receiving the underlying common stock due to the deferred compensation terms.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a transaction of restricted stock units.

Industry Context

StockSavvy.ai notes that insider transactions, such as this acquisition of RSUs by a director, are common in the software and healthcare technology sectors. These transactions often reflect long-term incentive alignment between management and shareholders.

Related Party Transactions

• The acquisition of RSUs by Director Gillian Munson under the Phreesia, Inc. 2019 Stock Option and Incentive Plan and the Non-Employee Director Deferred Compensation Program represents a related party transaction.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively as a sign of commitment, but the deferred nature of the RSUs means no immediate dilution or change in outstanding shares.
• Employees: The RSU plan is part of the overall compensation structure, which can impact employee morale and retention.
• Management: Reinforces the alignment of director compensation with long-term company performance.

Next Steps

• Vesting of RSUs on June 24, 2027, or the next annual stockholder meeting.
• Delivery of underlying common stock on the earlier of 90 days after separation from service or five years from the grant date.

Key Dates

Keywords

Phreesia, PHR, Form 4, Insider Trading, Restricted Stock Units, RSUs, Deferred Compensation, Director Compensation, Stock Acquisition, Beneficial Ownership