Form 4: Progyny CEO Peter Anevski Reports Stock Transaction
SEC Form 4 Filing
Progyny CEO Peter Anevski reports the withholding of shares for tax obligations and shares acquired through the employee stock purchase plan.
Summary
- On April 1, 2024, Progyny CEO Peter Anevski had 7,977 shares of common stock withheld to cover withholding taxes upon the vesting of restricted stock units.
- The price per share for the tax withholding was $38.15.
- Following the transaction, Anevski directly owns 247,917 shares of Progyny common stock.
- This total includes 603 shares acquired on January 31, 2024, under Progyny's 2019 Employee Stock Purchase Plan.
- Anevski also indirectly owns shares through the PECO ANEVSKI 2020 SD LLC.
Sentiment
Score: 7
Explanation: The document reflects standard insider trading reporting, indicating normal operational activities and compliance with regulations. It doesn't suggest any significant positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is a routine part of corporate governance and transparency, providing insight into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency regarding insider transactions.
- Similar filings are made by executives at companies like Teladoc Health and UnitedHealth Group, providing comparable data on executive stock ownership and transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- It assures stakeholders that the CEO is compliant with regulations regarding stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | 603 shares acquired under the Issuer's 2019 Employee Stock Purchase Plan |
| 04/01/2024 | Transaction date: 7,977 shares withheld for payment of withholding taxes |
| 04/03/2024 | Date of signature for the Form 4 filing |
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