Form 4: Progyny CFO Sells Shares to Cover Tax Obligations

Progyny's Chief Financial Officer, Mark S. Livingston, sold 224 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Mark S. Livingston, the Chief Financial Officer of Progyny, Inc., sold 224 shares of common stock on November 26, 2024.
• The sale was executed at a price of $15.75 per share.
• This transaction was to cover withholding taxes associated with the vesting of restricted stock units.
• Following the transaction, Livingston directly owns 44,213 shares of Progyny common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold is relatively small compared to the total holdings of the CFO, suggesting this is a routine tax-related transaction rather than a significant change in sentiment.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine tax-related sale.

Key Dates

Keywords

Progyny, PGNY, Mark S. Livingston, CFO, stock sale, restricted stock units, tax obligations, insider trading, Form 4