Form 4: Progyny CFO Reports Routine Stock Withholding for Tax

Progyny's Chief Financial Officer, Mark S. Livingston, reported the withholding of 2,032 shares of common stock for tax obligations related to restricted stock unit vesting.

Summary

• Mark S. Livingston, Chief Financial Officer of Progyny, Inc. (PGNY), reported a transaction on September 2, 2025.
• The transaction involved the disposition of 2,032 shares of Progyny common stock at a price of $23.67 per share.
• These shares were withheld for the payment of withholding taxes upon the vesting of restricted stock units granted to Mr. Livingston.
• Following this transaction, Mr. Livingston beneficially owns 70,140 shares of Progyny common stock directly.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine compliance filing for tax withholding on vested restricted stock units, not indicative of strategic changes or performance.

Positives

• The transaction represents a routine compliance event related to executive compensation, specifically the vesting of restricted stock units, indicating the executive's continued equity participation in the company.

Negatives

• The disposition of shares was solely for tax withholding purposes and does not reflect a discretionary sale by the Chief Financial Officer, thus not indicating a lack of confidence in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not signaling a change in executive confidence or company fundamentals.

Key Dates

Recommendation

The filing reports a routine insider transaction related to tax withholding on vested restricted stock units. It does not provide new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this event is neutral to the company's fundamental value.

Keywords

Progyny, PGNY, Mark S. Livingston, CFO, Form 4, insider transaction, stock, restricted stock units, RSU, tax withholding