Form 4: Progyny Executive Michael Sturmer Reports Stock Transaction
SEC Form 4 Filing
Michael Sturmer, President of Progyny, Inc., reports a transaction involving common stock to cover withholding taxes upon vesting of restricted stock units.
Summary
- On August 26, 2024, Michael Sturmer, President of Progyny, Inc., reported a transaction involving the company's common stock.
- A total of 7,977 shares were disposed of at a price of $21.8 per share to cover withholding taxes upon the vesting of restricted stock units.
- Following the transaction, Sturmer directly owns 354,606 shares of Progyny common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is a common practice for executives to sell shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of stock transaction |
| 08/28/2024 | Date of signature on the report |
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