Form 4: Phreesia Director Lainie Goldstein Acquires 400 Shares of Common Stock

Director Lainie Goldstein acquired 400 shares of Phreesia, Inc. common stock at $24.95 per share on July 31, 2024, increasing her total holdings to 40,558 shares.

Summary

• On July 31, 2024, Lainie Goldstein, a director of Phreesia, Inc., acquired 400 shares of common stock at a price of $24.95 per share.
• This transaction increased Goldstein's total beneficial ownership to 40,558 shares of Phreesia 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 DSUs are awarded quarterly in arrears and will be converted into common stock 90 days after Goldstein ceases to be a director and experiences a 'separation from service' as defined by Section 409A of the Internal Revenue Code.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director increasing their stake in the company is a slightly positive signal.

Positives

• The director's increased stake in the company could be seen as a positive signal to investors.

Future Outlook

The director will receive underlying common stock 90 days after she ceases to serve as a member of the Board of Directors of the Issuer and incurs a 'separation from service'.

Industry Context

Directors receiving stock as part of their compensation is a common practice, aligning their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Deferred stock units are a fairly standard method of compensating board members, particularly in growth-oriented companies like Phreesia.
• Comparing Phreesia's director compensation structure to similar companies in the healthcare technology sector would provide a more detailed benchmark.

Related Party Transactions

• The receipt of deferred stock units by Lainie Goldstein, a director, is a related party transaction as it involves compensation to a member of the board.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates