Form 4: Progyny Executive Michael Sturmer Reports Stock Transaction
SEC Form 4 Filing
Michael Sturmer, President of Progyny, Inc., reports the disposition of 448 shares of common stock to cover withholding taxes upon vesting of restricted stock units.
Summary
- On September 3, 2024, Michael Sturmer, President of Progyny, Inc., disposed of 448 shares of common stock.
- The transaction was executed to cover withholding taxes related to the vesting of restricted stock units.
- The price per share was $23.49.
- Following the transaction, Sturmer directly owns 354,158 shares of Progyny common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested equity, and does not indicate a significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations on vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations on vested equity.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock transaction (disposal of shares). |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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