Form 4: Phreesia Inc. COO, Evan Roberts, Receives 53,990 Restricted Stock Units

Phreesia Inc.'s Chief Operating Officer, Evan Roberts, was granted 53,990 restricted stock units (RSUs) on January 2, 2025, which vest over a four-year period.

Summary

• Evan Roberts, the Chief Operating Officer of Phreesia Inc., received 53,990 restricted stock units (RSUs) on January 2, 2025.
• These RSUs were granted under the company's 2019 Stock Option and Incentive Plan.
• Each RSU represents the right to receive one share of Phreesia's common stock.
• The RSUs vest over four years, with 10% vesting on January 2, 2026, 20% on January 2, 2027, 30% on January 2, 2028, and 40% on January 2, 2029.
• Vesting is contingent upon Mr. Roberts' continued employment with Phreesia through each vesting date.
• Following this transaction, Mr. Roberts beneficially owns 782,866 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of RSUs aligns the COO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the COO.

Risks

• The value of the RSUs is dependent on the future performance of Phreesia's stock price.
• If Mr. Roberts leaves the company before the vesting dates, he will forfeit the unvested RSUs.

Future Outlook

The vesting of the RSUs is contingent on the continued service of Evan Roberts to the company through each vesting date.

Industry Context

The granting of stock-based compensation is a common practice in the technology industry to attract and retain key executives.

Comparison to Industry Standards

• The vesting schedule of the RSUs is fairly standard for executive compensation packages in the tech industry, with vesting occurring over a multi-year period.
• Many companies, such as similar SaaS providers like Veeva Systems or athenahealth, use similar equity-based compensation plans to incentivize their leadership teams.
• The specific amount of RSUs granted is likely based on a combination of factors, including the executive's role, performance, and the company's overall compensation strategy.

Stakeholder Impact

• The RSU grant is a positive signal to shareholders, indicating that the company is investing in its leadership.
• The vesting schedule encourages the COO to remain with the company, which benefits employees and other stakeholders.

Key Dates

Keywords

Restricted Stock Units, RSUs, Stock Options, Equity Compensation, Beneficial Ownership, Phreesia Inc., Evan Roberts, Chief Operating Officer