Form 4: Progyny Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael E. Sturmer, President of Progyny, Inc., disposed of 448 shares of common stock to cover withholding taxes upon the vesting of restricted stock units.
Summary
- On June 3, 2024, Michael E. 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 shares were sold at a price of $26.95 per share.
- Following the transaction, Sturmer directly owns 371,613 shares of Progyny, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of the stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations related to vested equity compensation.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of transaction: Michael E. Sturmer disposed of 448 shares of common stock. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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