Form 4: Phreesia GC Granted 45,000 Restricted Stock Units

Phreesia's General Counsel and Secretary, Allison C. Hoffman, was granted 45,000 Restricted Stock Units, vesting over four years.

Summary

• Allison C. Hoffman, General Counsel & Secretary of Phreesia, Inc. (PHR), was granted 45,000 shares of Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this acquisition was December 5, 2025.
• The RSUs were issued under the Phreesia, Inc. 2019 Stock Option and Incentive Plan.
• Each RSU represents the contingent right to receive one share of the Issuer's common stock.
• The RSUs vest in a staggered schedule: 10% on December 5, 2026, 20% on December 5, 2027, 30% on December 5, 2028, and 40% on December 5, 2029.
• Vesting is contingent upon Ms. Hoffman's continued service to Phreesia through each vesting date.
• The grant of these RSUs was approved by the Compensation Committee of the Board of Directors on October 1, 2025.
• Following this transaction, Ms. Hoffman beneficially owns a total of 180,737 shares of Common Stock.

Sentiment

Score: 7

Explanation: The grant of RSUs to a key executive is a positive signal for executive retention and alignment with shareholder interests, reflecting standard corporate governance and compensation practices. It does not, however, indicate any immediate operational or financial performance changes.

Positives

• The grant of Restricted Stock Units to a key executive like the General Counsel aligns her long-term interests with those of the shareholders, promoting retention and performance.
• Equity compensation is a standard practice for attracting and retaining top talent in competitive industries.

Future Outlook

The vesting schedule for the Restricted Stock Units extends through December 5, 2029, indicating a long-term commitment from the General Counsel to the company and a strategic approach to executive retention and motivation.

Industry Context

The grant of Restricted Stock Units to a senior executive is a common and widely accepted practice in the technology and healthcare IT sectors. It serves as a key component of executive compensation packages, designed to incentivize long-term performance and align management's financial interests with those of shareholders.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the General Counsel's financial incentives with long-term shareholder value creation, potentially leading to more focused decision-making.
• Employees: This type of executive compensation can signal stability and a commitment to retaining key leadership, which can positively influence employee morale and confidence.

Next Steps

• The RSUs will vest according to the specified schedule on December 5, 2026, 2027, 2028, and 2029, subject to continued service.

Key Dates

Keywords

Phreesia, PHR, Restricted Stock Units, RSUs, Executive Compensation, Insider Transaction, Equity Grant, Allison C. Hoffman