Form 4: Phreesia Inc. Director Gillian Munson Reports Acquisition of Common Stock

Director Gillian Munson acquired 351 shares of Phreesia Inc. common stock at $28.46 per share on January 31, 2025, through deferred stock units.

Summary

• On January 31, 2025, Gillian Munson, a director of Phreesia, Inc., acquired 351 shares of common stock at a price of $28.46 per share.
• This acquisition was made through deferred stock units (DSUs) as part of the Non-Employee Director Deferred Compensation Program.
• Following the transaction, Munson directly owns 37,074 shares of Phreesia, Inc.
• 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 slightly positive. It reflects a director increasing their stake in the company, which is generally viewed favorably, but it's part of a standard compensation plan.

Positives

• The director's participation in the deferred compensation program demonstrates alignment with the company's long-term interests.

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

Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding insider transactions. This filing indicates a director's acquisition of company stock, which can be seen as a positive signal.

Comparison to Industry Standards

• Director compensation through deferred stock units is a common practice among publicly traded companies.
• The timing and vesting schedules of these units are generally aligned with industry norms to incentivize long-term commitment.

Related Party Transactions

• The grant of deferred stock units to the director is a related party transaction, as it involves compensation to a member of the board.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence, as it signals the director's belief in the company's future.

Key Dates

Keywords

Form 4, Phreesia Inc., Director, Gillian Munson, Common Stock, Deferred Stock Units, Beneficial Ownership, Transaction