Clapp Geoffrey 4
Research Summary
AI-generated summary
Progyny CPO Geoffrey Clapp Withholds 819 Shares for Taxes
What Happened
- Geoffrey Clapp, Chief Product Officer at Progyny (PGNY), had 819 shares withheld to satisfy withholding taxes upon the vesting of restricted stock units (RSUs). The withholding is reported as a disposition at an average value of $26.60 per share, totaling $21,785.
Key Details
- Transaction date: 2026-06-17; File date (Form 4): 2026-06-23
- Transaction type/code: F — shares withheld to pay tax liability upon RSU vesting
- Shares involved: 819 withheld; reported value: $26.60/share, $21,785 total
- Shares owned after transaction: not reported in the provided excerpt
- Footnote: F1 — “Shares withheld for payment of withholding taxes upon the vesting of restricted stock units granted to the Reporting Person.”
- Filing timeliness: Form filed June 23 for a June 17 transaction (timeliness status not specified in the excerpt)
Context
- This was a tax-withholding disposition tied to RSU vesting — a routine administrative action, not an open-market sale expressing a trading view. Such withholdings are common and generally do not indicate insider sentiment about the company’s prospects.