Form 4: Progyny Executive Chairman Schlanger Disposes of Shares for Tax Obligations
SEC Form 4 Filing
David J. Schlanger, Executive Chairman of Progyny, Inc., disposed of 2,681 shares of common stock on July 1, 2024, to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On July 1, 2024, David J. Schlanger, the Executive Chairman of Progyny, Inc., disposed of 2,681 shares of common stock.
- The transaction was executed to cover withholding taxes associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $28.61 per share.
- Following the transaction, Schlanger directly owns 80,950 shares of Progyny, Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, not indicative of positive or negative sentiment towards the company's future prospects.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely watched by investors for signals about management's view of the company's prospects. This transaction appears to be related to tax obligations, which is a common reason for such filings.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: disposal of 2,681 shares of common stock. |
| 07/02/2024 | Date of signature by Attorney-in-Fact. |
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