Form 4: Progyny Executive Disposes of Shares for Tax Withholding Following RSU Vesting

Progyny, Inc.'s Executive Vice President and General Counsel, Allison Swartz, reported the disposition of 339 shares of common stock valued at $21.98 per share to cover tax obligations upon the vesting of restricted stock units.

Summary

• Allison Swartz, EVP and General Counsel of Progyny, Inc. (PGNY), reported a transaction on June 4, 2025.
• The transaction involved the disposition of 339 shares of Progyny common stock.
• These shares were withheld for the payment of withholding taxes upon the vesting of restricted stock units (RSUs) granted to Ms. Swartz.
• The price per share for the disposed stock was $21.98.
• Following this transaction, Allison Swartz beneficially owns 82,095 shares of Progyny common stock.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or prospects.

Positives

• The transaction is a routine administrative event related to executive compensation (RSU vesting) and tax obligations, indicating standard corporate compensation practices are in effect.

Negatives

• The disposition of shares, while for tax purposes, represents a reduction in the insider's direct holdings, though this is a common and expected outcome of RSU vesting.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects standard executive compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: This is a routine administrative transaction with minimal direct impact on the company's operations or strategic direction. It reflects standard compensation practices.

Key Dates

Keywords

Progyny, PGNY, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership, Executive Compensation