Form 4: Phreesia Director Gillian Munson Acquires Stock

Director Gillian Munson acquired 1,085 shares of Phreesia, Inc. common stock through the company's deferred compensation program.

Summary

• Director Gillian Munson acquired 1,085 shares of Phreesia, Inc. (PHR) common stock on April 30, 2026.
• The acquisition was made at a price of $9.21 per share.
• The shares were acquired as deferred stock units (DSUs) in lieu of an annual cash retainer under the company's Non-Employee Director Deferred Compensation Program.
• Following this transaction, the director's total beneficial ownership is 46,814 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine disclosure of director compensation and equity alignment.

Positives

• Director demonstrates alignment with shareholder interests by electing to receive equity compensation in lieu of cash.

Negatives

• None identified.

Risks

• The receipt of underlying common stock is deferred until the earlier of five years from the grant date or 90 days after separation from service, limiting immediate liquidity for the director.

Future Outlook

The director will receive the underlying common stock upon the earlier of five years from the grant date or 90 days after separation from service from the Board of Directors.

Management Comments

• The transaction was executed pursuant to the Phreesia, Inc. Non-Employee Director Deferred Compensation Program.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation programs is a standard corporate governance practice, signaling long-term commitment to the issuer's equity performance.

Comparison to Industry Standards

• The use of deferred stock units in lieu of cash retainers is a common practice among mid-cap technology and healthcare companies to preserve cash and align director incentives with long-term shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders benefit from increased director equity alignment.

Next Steps

• The director will hold the acquired units until the specified vesting or separation conditions are met.

Key Dates

Keywords

Phreesia, PHR, Insider Trading, Form 4, Director Compensation, Equity Ownership