Form 4: Phreesia Inc. Director Gillian Munson Acquires 400 Shares of Common Stock

Director Gillian Munson acquired 400 shares of Phreesia Inc. common stock on July 31, 2024, as part of a deferred stock unit (DSU) grant in lieu of an annual cash retainer.

Summary

• On July 31, 2024, Gillian Munson, a director of Phreesia Inc., acquired 400 shares of common stock.
• The acquisition was part of a grant of deferred stock units (DSUs) in lieu of an annual cash retainer under Phreesia's Non-Employee Director Deferred Compensation Program.
• The price of the stock at the time of the transaction was $24.95 per share.
• Following the transaction, Munson directly owns 36,177 shares of Phreesia Inc. common stock.
• The DSUs will be settled in common stock either 90 days after Munson ceases to be a director or five years from the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares is generally a positive sign, indicating confidence in the company's future. The use of DSUs is a standard compensation practice.

Positives

• Director's acquisition of shares demonstrates confidence in the company.
• The use of DSUs aligns director compensation with long-term shareholder value.

Future Outlook

The director will receive underlying common stock on the earlier of (i) 90 days after ceasing to serve as a member of the Board of Directors of the Issuer and incurring a 'separation from service' within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, or (ii) five years from the date of grant of the DSUs.

Industry Context

Director stock ownership is common and is used to align the interests of directors with those of shareholders. Deferred stock units are a common form of compensation for non-employee directors.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates