Form 4: Progyny CFO Sells Shares for Tax Withholding

Progyny's Chief Financial Officer, Mark S. Livingston, disposed of 339 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Mark S. Livingston, Chief Financial Officer of Progyny, Inc. (PGNY), reported a transaction on March 4, 2026.
• The transaction involved the disposition of 339 shares of Progyny Common Stock.
• These shares were withheld for the payment of withholding taxes upon the vesting of restricted stock units granted to Mr. Livingston.
• The price per share for the disposed securities was $17.52.
• Following this transaction, Mr. Livingston beneficially owns 87,338 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. The transaction is a standard, non-discretionary sale for tax purposes related to equity compensation and does not indicate any change in company fundamentals or management's sentiment.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving the disposition of shares for tax withholding purposes upon RSU vesting, are routine and non-discretionary events for executives receiving equity compensation. They typically do not reflect a change in management's outlook on the company's performance or prospects.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or management's confidence.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by Progyny's CFO for tax withholding purposes upon RSU vesting. Such transactions are common for executives receiving equity compensation and do not provide new information that would warrant a change in investment recommendation. The filing itself does not offer insights into the company's operational performance, strategic direction, or financial health that would influence a 'buy' or 'sell' decision. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company analysis rather than this specific insider transaction.

Keywords

Progyny, PGNY, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, CFO