Form 4: Progyny CEO Peter Anevski Reports PSU Vesting and Share Settlement
Insider Transaction Report
Progyny CEO Peter Anevski reported the vesting of 125,000 performance stock units and the subsequent settlement of shares, with a portion withheld for taxes.
Summary
- Peter Anevski, Chief Executive Officer and Director of Progyny, Inc. (PGNY), reported changes in his beneficial ownership of common stock.
- 125,000 Performance Stock Units (PSUs) granted on January 1, 2022, vested on October 31, 2025, following the certification of applicable performance conditions by the Compensation Committee.
- Each vested PSU entitled Mr. Anevski to receive one share of common stock.
- The vested shares were settled on November 10, 2025, after the issuer's trading blackout period concluded.
- 63,813 shares were disposed of (withheld) for the payment of withholding taxes upon the vesting of the PSUs, at a price of $22.37 per share.
- Following these transactions, Mr. Anevski beneficially owns 600,751 shares of common stock, held directly and indirectly through PECO ANEVSKI 2020 SD LLC.
Sentiment
Score: 7
Explanation: The vesting of performance stock units indicates the achievement of performance conditions, which is generally positive for the company's operational performance. The transaction itself is routine for executive compensation and does not introduce new material information.
Positives
- The vesting of 125,000 Performance Stock Units indicates that the applicable performance conditions set for the award, granted on January 1, 2022, were successfully achieved and certified by the Compensation Committee.
Negatives
- 63,813 shares were withheld for tax purposes, which is a standard procedure upon the vesting of equity awards and not indicative of a negative operational or financial event.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: This is a routine insider transaction related to executive compensation and does not directly impact the company's operational performance, strategic direction, or financial health. It reflects management's continued equity stake in the company.
Key Dates
| Date | Description |
|---|---|
| 01/01/2022 | Date the Performance Stock Unit (PSU) award was granted. |
| 10/31/2025 | Date the PSUs vested and the Compensation Committee certified the achievement of applicable performance conditions. |
| 11/10/2025 | Date of earliest transaction, when vested shares were settled and shares were withheld for taxes. |
| 11/13/2025 | Date the Form 4 was signed by the Reporting Person's attorney-in-fact. |
Recommendation
holdThis Form 4 filing reports a routine insider transaction related to the vesting of performance stock units and subsequent tax withholding. It does not contain any new material information regarding the company's financial performance, strategic direction, or operational outlook that would warrant a change in investment recommendation. The transaction is an expected part of executive compensation.
Keywords
Progyny, PGNY, Peter Anevski, CEO, Director, Form 4, insider transaction, beneficial ownership, PSU, performance stock units, stock vesting, share settlement, tax withholding
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