Form 4: Phreesia Inc. Executive Receives Stock Units in Lieu of Cash Bonus

Allison Hoffman, General Counsel & Secretary of Phreesia Inc., acquired 4,694 shares of common stock in the form of Restricted Stock Units (RSUs) in lieu of a cash bonus.

Summary

• On September 6, 2024, Allison Hoffman, General Counsel & Secretary of Phreesia Inc., acquired 4,694 shares of common stock in the form of Restricted Stock Units (RSUs).
• This transaction was made in lieu of a cash bonus earned for the first half of the fiscal year ending January 31, 2025, under the Issuer's Senior Executive Cash Incentive Bonus Plan.
• Hoffman elected to convert the cash bonus into RSUs representing 115% of the earned cash bonus amount.
• The number of RSUs granted is based on a per share value of $23.55, the closing price of Phreesia's common stock on September 6, 2024.
• Following the transaction, Hoffman directly owns 125,697 shares of Phreesia Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing an executive's compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• Executive's decision to take stock in lieu of cash demonstrates confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the compensation practices and ownership stakes of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects executive compensation practices.

Key Dates