Phreesia (PHR) President David Linetsky Receives PSU Award

What Happened

David Linetsky, President, Network Solutions at Phreesia (PHR), was granted 155,000 performance stock units (PSUs) on September 1, 2026. The award is recorded as a derivative grant (code A) with an acquisition price of $0.00 — no cash changed hands. The actual number of shares Linetsky may receive depends on future stock-price performance and can range from 0% to 200% of the 155,000 target.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-28 (late filing).
• Award: 155,000 PSUs granted at $0.00 (derivative award).
• Performance period: September 1, 2026 to September 1, 2031.
• Payout scale: 0%, 50%, 100%, 150% or 200% of target based on meeting stock-price hurdles.
• Price hurdles: average closing price over any consecutive 60 trading days must reach $17, $22, $27 or $32 for the respective payout levels.
• Vesting: PSUs earned vest one‑third upon certification, one‑third on the 1st anniversary of certification, and one‑third on the 2nd anniversary; any earned amounts vest no later than 9/1/2031.
• Dividend equivalents accrue on PSUs and, if earned and vested, are settled in shares when PSUs are settled.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

This is a performance-based equity award (not an open-market purchase or sale). Because PSUs are contingent on meeting stock-price hurdles and continued service, they do not represent immediately owned common shares and may result in anywhere from zero to double the target shares if hurdles are met. The late Form 4 filing means the disclosure came well after the two-business-day window typically required for insider reports.