Phreesia (PHR) SVP Amy VanDuyn Receives 67,500 PSU Award

What Happened
Amy Beth VanDuyn, Senior VP of Human Resources at Phreesia (PHR), received a grant of 67,500 performance stock units (PSUs) on 2026-09-01. The award is a derivative (no cash paid; $0 per unit) that represents a contingent right to receive shares if performance hurdles are met. Payouts can range from 0% to 200% of the target award depending on stock-price achievement during the performance period (Sep 1, 2026 – Sep 1, 2031).

Key Details

• Transaction date and price: 2026-09-01 — 67,500 PSUs granted at $0.00 (derivative award).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Performance measurement: Achievement measured by average closing price over any consecutive 60 trading days during the performance period.
• Payout schedule: Potential payouts of 0%, 50%, 100%, 150% or 200% of target, with interpolation between hurdles. Applicable price hurdles: $17.00, $22.00, $27.00, $32.00 per share.
• Vesting/settlement: PSUs earned for an achieved hurdle vest one‑third at certification, one‑third after 1 year, and one‑third after 2 years (subject to service); any outstanding earned PSUs vest no later than Sep 1, 2031. Earned PSUs and dividend equivalents are settled in shares.
• Filing timeliness: Form filed 2026-09-28, 27 days after the grant date — appears late relative to the usual 2-business-day Form 4 deadline.

Context
This is a performance-based equity grant (not an open-market purchase or sale). PSUs are contingent and may result in shares only if specified stock-price hurdles are met; they are commonly used for executive compensation and do not by themselves indicate immediate insider buying or selling activity.