Form 4: Progyny CFO Mark Livingston Reports Stock Transaction

Mark S. Livingston, CFO of Progyny, Inc., reports the withholding of shares for tax obligations related to vesting restricted stock units.

Summary

• On May 28, 2024, Mark S. Livingston, the CFO of Progyny, Inc., had shares withheld to cover withholding taxes upon the vesting of restricted stock units.
• A total of 224 shares of common stock were withheld at a price of $27 per share.
• Following the transaction, Livingston directly owns 49,895 shares of Progyny, Inc.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine stock transaction related to tax obligations. It doesn't indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading.
• Executive compensation packages often include restricted stock units, which vest over time and are subject to tax withholding upon vesting, similar to practices at companies like UnitedHealth Group (UNH) and CVS Health (CVS).

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and tax obligations.

Key Dates