Form 4: Progyny Executive Chairman Reports Routine Stock Disposition for Tax Withholding
Insider Transaction Report
Progyny, Inc. Executive Chairman David J. Schlanger reported the disposition of 1,893 shares of common stock on July 1, 2025, for tax withholding purposes related to restricted stock unit vesting.
Summary
- David J. Schlanger, Executive Chairman and Director of Progyny, Inc. (PGNY), reported a transaction on July 1, 2025.
- The transaction involved the disposition of 1,893 shares of Progyny Common Stock.
- These shares were withheld for the payment of withholding taxes upon the vesting of restricted stock units previously granted to Mr. Schlanger.
- The shares were valued at $22 per share for the purpose of this tax withholding.
- Following this transaction, Mr. Schlanger beneficially owns 222,312 shares of Progyny Common Stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary disposition of shares for tax withholding purposes upon RSU vesting, which is a neutral event in terms of company performance or strategic direction.
Positives
- Vesting of restricted stock units indicates the achievement of performance or time-based conditions, which is a positive for the executive.
- The transaction is a non-discretionary disposition for tax withholding, not a sale initiated by the executive, suggesting a routine compensation event.
Negatives
- The disposition of shares, even for tax purposes, reduces the direct beneficial ownership of the reporting person.
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
This transaction is a routine insider filing related to executive compensation, common across publicly traded companies, and does not provide specific insights into broader industry trends for the healthcare or fertility benefits sector.
Comparison to Industry Standards
- The withholding of shares for tax purposes upon RSU vesting is a standard practice for executive compensation across various industries and is consistent with typical equity compensation plans.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Provides transparency on executive stock ownership and compensation practices.
- Employees: Reflects standard executive compensation practices, which may indirectly influence broader compensation strategies.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of earliest transaction (disposition of shares for tax withholding) |
| 07/02/2025 | Signature date of the reporting person's attorney-in-fact |
Keywords
Progyny, PGNY, David J. Schlanger, Form 4, insider transaction, stock disposition, restricted stock units, RSU vesting, tax withholding, executive compensation
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.