Form 4: Progyny Executive Reports Routine Stock Disposition for Tax Purposes

Progyny, Inc.'s EVP and General Counsel, Allison Swartz, reported the disposition of 1,352 shares of common stock at $20.59 per share, primarily for tax withholding purposes related to equity vesting.

Summary

• Allison Swartz, Executive Vice President and General Counsel of Progyny, Inc. (PGNY), reported a change in beneficial ownership.
• On May 28, 2025, Ms. Swartz disposed of 1,352 shares of Progyny common stock.
• The shares were disposed of at a price of $20.59 per share.
• This transaction is identified with code 'F', indicating shares withheld for tax purposes upon the vesting of equity awards.
• Following this transaction, Ms. Swartz beneficially owns 82,434 shares of Progyny common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, expected transaction for tax purposes related to executive compensation, not indicative of a change in company fundamentals or management's view on the stock.

Positives

• The transaction represents a routine disposition of shares for tax withholding, often associated with the vesting of equity awards, which is a positive event for the employee as it signifies compensation realization.

Negatives

• The disposition of shares, even for tax purposes, results in a slight reduction in direct insider ownership, though it is a common and expected event for equity compensation.

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 filing is a standard insider transaction report and does not provide information relevant to broader industry trends or competitive dynamics. It reflects an individual executive's equity compensation activity.

Related Party Transactions

• The transaction involves an executive (Allison Swartz) and the company (Progyny, Inc.), which is a standard insider transaction related to compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, small-scale transaction for tax purposes and does not signal a change in company strategy or performance.
• Employees: The transaction is a standard part of executive compensation, indicating the vesting and realization of equity awards.

Key Dates

Keywords

Progyny, PGNY, Form 4, Insider Transaction, Stock Disposition, Executive Compensation, Beneficial Ownership, Tax Withholding