Form 4: Phreesia Inc. Executive Amy Beth VanDuyn Reports Acquisition of Restricted Stock Units

Amy Beth VanDuyn, SVP of Human Resources at Phreesia, Inc., reports the acquisition of 3,752 Restricted Stock Units (RSUs) in lieu of a portion of her cash bonus.

Summary

• On April 4, 2025, Amy Beth VanDuyn, SVP of Human Resources at Phreesia, Inc., acquired 3,752 shares of common stock in the form of Restricted Stock Units (RSUs).
• These RSUs were fully vested on the grant date and were received in lieu of 50% of her cash bonus earned for the fiscal year ending January 31, 2025.
• VanDuyn elected to convert the cash bonus into RSUs, receiving 115% of the earned cash bonus amount.
• The number of RSUs granted was based on a per-share value of $24.31, which was the closing price of Phreesia's common stock on April 4, 2025.
• Following the transaction, VanDuyn directly owns 132,139 shares of Phreesia's common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, suggesting a stable and well-managed company. The executive's decision to take RSUs instead of cash is a positive signal.

Positives

• The executive's decision to convert a portion of her cash bonus into RSUs demonstrates confidence in the company's future performance.
• The conversion rate of 115% for the cash bonus into RSUs is a favorable outcome for the executive.
• The RSUs are fully vested upon grant, providing immediate ownership of the shares.

Industry Context

Executive compensation practices, including the use of RSUs, are common in the technology and healthcare industries to align management's interests with those of shareholders.

Comparison to Industry Standards

• RSUs are a standard component of executive compensation packages in publicly traded companies, particularly in the tech and healthcare sectors.
• Companies like Veeva Systems and athenahealth also utilize RSUs as part of their executive compensation plans.
• The vesting schedules and conversion rates of cash bonuses into equity can vary widely based on company performance and individual agreements.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.
• Employees may view the executive's decision to take RSUs as a sign of confidence in the company's future.

Key Dates

Keywords

Phreesia, VanDuyn, RSU, Restricted Stock Units, Form 4, Beneficial Ownership, Executive Compensation, Equity, Incentive Bonus