Form 4: Progyny CFO Mark Livingston Reports Routine Share Disposition for Tax Withholding

Progyny, Inc.'s Chief Financial Officer, Mark S. Livingston, reported the disposition of 339 common shares at $21.98 each for tax withholding purposes related to restricted stock unit vesting.

Summary

• Mark S. Livingston, Chief Financial Officer of Progyny, Inc. (PGNY), filed a Form 4 on June 4, 2025, detailing a transaction.
• The transaction involved the disposition of 339 shares of Progyny common stock.
• These shares were withheld by the company for the payment of withholding taxes upon the vesting of restricted stock units (RSUs) previously granted to Mr. Livingston.
• The price per share for the disposed shares was $21.98.
• Following this transaction, Mr. Livingston directly beneficially owns 72,172 shares of Progyny common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding related to RSU vesting, which is a neutral event in terms of company performance or outlook. It reflects the normal course of equity compensation.

Positives

• The transaction indicates the vesting of restricted stock units (RSUs), which represents earned compensation for the Chief Financial Officer.

Negatives

• The disposition of shares, while for tax purposes, results in a slight reduction in the direct shareholding of the Chief Financial Officer.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to equity compensation and tax withholding, and does not provide broader industry context or trends. It reflects standard compensation practices within the healthcare benefits or fertility services industry, where equity awards are common.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine insider transaction for tax purposes, not a sale for liquidity or a change in investment thesis. It slightly reduces the CFO's direct ownership but is offset by the underlying RSU vesting.
• Employees: Reinforces the company's use of equity compensation (RSUs) as part of its remuneration strategy.

Key Dates

Keywords

Progyny, PGNY, Mark S. Livingston, Chief Financial Officer, CFO, SEC Form 4, Insider Transaction, Stock Vesting, Restricted Stock Units, RSU, Tax Withholding, Equity Compensation