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
- On April 1, 2025, David J. Schlanger, the Executive Chairman of Progyny, Inc., had shares withheld to cover payment of withholding taxes upon the vesting of restricted stock units.
- A total of 1,893 shares of common stock were disposed of at a price of $22.34 per share.
- Following the transaction, Schlanger directly owns 224,205 shares of Progyny, Inc.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: shares withheld for payment of withholding taxes. |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Progyny, Schlanger, Executive Chairman, Share Disposal, Restricted Stock Units, Withholding Taxes, Beneficial Ownership
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