Form 4: Phreesia Director Lainie Goldstein Acquires 8,490 Restricted Stock Units

Director Lainie Goldstein acquired 8,490 Restricted Stock Units (RSUs) in Phreesia, Inc., which will vest upon the earlier of June 26, 2025, or the next annual meeting of stockholders, with deferred delivery of common stock.

Summary

• Lainie Goldstein, a director of Phreesia, Inc., reported the acquisition of 8,490 Restricted Stock Units (RSUs) on June 26, 2024.
• The RSUs were issued under the company's 2019 Stock Option and Incentive Plan.
• Each RSU represents the contingent right to receive one share of Phreesia's common stock.
• The RSUs will vest in full upon the earlier of June 26, 2025, or the next annual meeting of the Issuer's stockholders.
• The director has elected to defer the grant pursuant to Phreesia, Inc.'s Non-Employee Director Deferred Compensation Program.
• The underlying common stock will be received 90 days after the director ceases to serve on the Board and incurs a 'separation from service'.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock units being granted to a director. It doesn't inherently indicate positive or negative performance, but rather a routine part of executive compensation.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The director will receive the underlying common stock 90 days after leaving the board, subject to separation from service requirements.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in beneficial ownership by a company insider.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates