Form 4: Phreesia Inc. Director Mark Douglas Smith Acquires 8,490 Restricted Stock Units

Director Mark Douglas Smith acquired 8,490 Restricted Stock Units (RSUs) in Phreesia, Inc. on June 26, 2024, which will vest on the earlier of June 26, 2025, or the next annual meeting of stockholders.

Summary

• On June 26, 2024, Mark Douglas Smith, a director of Phreesia, Inc., acquired 8,490 Restricted Stock Units (RSUs).
• These RSUs were issued under the company's 2019 Stock Option and Incentive Plan.
• Each RSU represents the contingent right to receive one share of Phreesia's common stock.
• The RSUs will vest in full on the earlier of June 26, 2025, or the date of the next annual meeting of the Issuer's stockholders.
• Smith has elected to defer the grant under Phreesia's Non-Employee Director Deferred Compensation Program.
• The underlying common stock will be received on the earlier of 90 days after Smith ceases to be a director and incurs a 'separation from service', 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 seen as a good sign. However, it's a routine transaction.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The director's deferred compensation plan indicates a long-term commitment to the company's success.

Industry Context

Director stock ownership is a common practice and is generally viewed positively by investors.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder confidence.

Key Dates