Form 4: Phreesia Inc. Director Gillian Munson Acquires Shares Through Deferred Stock Units

Director Gillian Munson acquired 546 shares of Phreesia Inc. common stock through deferred stock units (DSUs) in lieu of a cash retainer.

Summary

• On October 31, 2024, Gillian Munson, a director of Phreesia Inc., acquired 546 shares of common stock.
• The acquisition was made through deferred stock units (DSUs) as part of the Non-Employee Director Deferred Compensation Program.
• The price per share was $18.29.
• Following the transaction, Munson directly owns 36,723 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: 6

Explanation: The sentiment is neutral. It's a standard disclosure of an insider transaction related to compensation. There's no indication of positive or negative news about the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

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

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation as part of their overall compensation package.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of director compensation.

Key Dates