Form 4: Progyny CFO Sells Shares to Cover Tax Obligations

Progyny's Chief Financial Officer, Mark S. Livingston, sold 2,617 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 2,617 shares of common stock on December 2, 2024.
• The sale was executed at a price of $15.57 per share.
• This transaction was to cover withholding taxes associated with the vesting of restricted stock units.
• Following the transaction, Livingston directly owns 41,596 shares of Progyny common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is neither positive nor negative for the company's outlook, but is a normal part of executive compensation.

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

• Similar transactions are common across publicly traded companies, where executives often sell shares to cover tax obligations related to stock-based compensation.
• The sale of shares by a CFO to cover taxes is a standard practice and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

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