Form 4: Progyny Executive Michael Sturmer Reports Stock Transaction
SEC Form 4 Filing
Progyny's President, Michael E. Sturmer, reports the disposal of 5,785 shares of common stock to cover withholding taxes upon vesting of restricted stock units.
Summary
- On February 26, 2024, Michael E. Sturmer, President of Progyny, Inc., disposed of 5,785 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 $38.67.
- Following the transaction, Sturmer directly owns 152,747 shares of Progyny common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to a routine stock transaction for tax purposes. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock disposal transaction. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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