Form 4: Progyny Executive Chairman Schlanger Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David J. Schlanger, Executive Chairman of Progyny, Inc., sold shares to cover withholding taxes upon the vesting of restricted stock units.
Summary
- David J. Schlanger, the Executive Chairman of Progyny, Inc., reported a transaction involving the disposal of common stock on October 1, 2024.
- The transaction involved the withholding of 2,681 shares at a price of $16.76 per share to cover payment of withholding taxes upon the vesting of restricted stock units.
- Following the transaction, Schlanger directly owns 78,269 shares of Progyny, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the Executive Chairman in this case, trade their company's stock. It provides transparency to the market about insider activity.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: shares withheld for payment of withholding taxes. |
| 10/03/2024 | Date of Form 4 filing. |
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