Form 4: Progyny President Reports Routine Stock Disposition for Tax Withholding on RSU Vesting

Progyny, Inc. President Michael E. Sturmer reported the disposition of 448 shares of common stock at $21.50 per share, primarily for tax withholding related to restricted stock unit vesting.

Summary

• Michael E. Sturmer, President of Progyny, Inc., reported a transaction involving company common stock.
• The transaction occurred on June 2, 2025, and involved the disposition of 448 shares.
• The shares were disposed of at a price of $21.50 per share.
• This disposition was for the payment of withholding taxes upon the vesting of restricted stock units (RSUs) granted to Mr. Sturmer.
• Following this transaction, Michael E. Sturmer beneficially owns 313,060 shares of Progyny, Inc. common stock.

Sentiment

Score: 7

Explanation: The transaction is a routine tax-related disposition of shares upon RSU vesting, which is a normal part of executive compensation and not indicative of negative sentiment or significant operational changes.

Positives

• The vesting of restricted stock units indicates that performance conditions (if any) were met, leading to the compensation of the executive.
• The transaction is a routine and expected part of executive compensation, reflecting the fulfillment of equity awards.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is specific to an individual executive's compensation and stock ownership at Progyny, Inc., and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The transaction represents a minor, routine disposition of shares by an insider, which is a common occurrence related to executive compensation and tax obligations. It does not indicate a change in the company's operational or financial health.
• Employees: The vesting of RSUs and subsequent tax withholding is a standard component of executive compensation packages, reflecting the fulfillment of equity awards.

Key Dates

Keywords

Progyny, PGNY, Form 4, insider transaction, stock disposition, restricted stock units, RSU vesting, tax withholding, Michael E. Sturmer, officer compensation