Form 4: Progyny Executive Michael Sturmer Reports Stock Transaction
SEC Form 4 Filing
Michael Sturmer, President of Progyny, Inc., reports the withholding of shares for tax obligations following the vesting of restricted stock units.
Summary
- On May 28, 2024, Michael Sturmer, President of Progyny, Inc., had shares withheld to cover withholding taxes related to the vesting of restricted stock units.
- A total of 7,977 shares of common stock were withheld at a price of $27.
- Following the transaction, Sturmer directly owns 372,061 shares of Progyny, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction related to executive compensation, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a routine transaction related to executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of share ownership related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of the stock transaction (share withholding for tax obligations). |
| 05/30/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.