Form 4: Progyny CFO Mark Livingston Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Progyny's CFO, Mark Livingston, disposed of 2,617 shares of common stock on September 3, 2024, to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On September 3, 2024, Mark S. Livingston, the Chief Financial Officer of Progyny, Inc. (PGNY), disposed of 2,617 shares of common stock.
- The transaction was executed to cover withholding taxes associated with the vesting of restricted stock units.
- The shares were sold at a price of $23.49 per share.
- Following the transaction, Livingston directly owns 44,437 shares of Progyny common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Mark Livingston disposed of shares. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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