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

Director Gillian Munson acquired 482 shares of Phreesia Inc. common stock at $20.74 per share through deferred stock units.

Summary

• On April 30, 2024, Gillian Munson, a director of Phreesia, Inc., acquired 482 shares of common stock.
• The acquisition was made through deferred stock units (DSUs) at a price of $20.74 per share.
• Following the transaction, Munson directly owns 27,287 shares of Phreesia Inc.
• The DSUs were granted in lieu of an annual cash retainer under Phreesia's Non-Employee Director Deferred Compensation Program.
• The underlying common stock will be received on the earlier of 90 days after ceasing to be a director or five years from the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which is generally viewed favorably.

Positives

• The acquisition of shares by a director signals confidence in the company.
• The use of deferred stock units aligns the director's interests with the long-term performance of the company.

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 standard Form 4 filing, reflecting a director's acquisition of company stock, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align director interests with shareholder value.
• Deferred stock units are a common form of equity compensation for non-employee directors.
• The vesting and distribution terms of the DSUs are typical for such arrangements.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it demonstrates the director's confidence in the company's future.

Key Dates