Form 4: Progyny Executive Allison Swartz Reports Stock Transaction
SEC Form 4
EVP, GC of Progyny, Allison Swartz, reports disposition of shares to cover withholding taxes upon vesting of restricted stock units.
Summary
- On February 28, 2024, Allison Swartz, EVP, GC of Progyny, Inc., disposed of 1,509 shares of common stock to cover withholding taxes.
- The transaction was executed at a price of $40.79 per share.
- Following the transaction, Swartz directly owns 53,083 shares of Progyny, Inc.
- The transaction was related to the vesting of restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and doesn't necessarily indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This transaction is related to the vesting of restricted stock units, a common form of equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transaction (disposal of shares). |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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