Progyny (PGNY) CPO Geoffrey Clapp Withholds 819 Shares for Taxes

What Happened Geoffrey Clapp, Chief Product Officer at Progyny, had 819 shares withheld on 2026-09-17 to satisfy withholding taxes related to the vesting of restricted stock units. The shares were valued at $27.38 each for a total of $22,424. This was a tax-withholding disposition tied to an RSU vesting—not an open-market sale or purchase.

Key Details

• Transaction date: 2026-09-17
• Price per share: $27.38; Shares withheld/disposed: 819; Total value: $22,424
• Shares owned after transaction: Not specified in the provided filing
• Footnote: F1 — "Shares withheld for payment of withholding taxes upon the vesting of restricted stock units granted to the Reporting Person."
• Filing date: 2026-09-21 (filed four days after the transaction date), which appears later than the typical 2-business-day Form 4 reporting window

Context Tax-withholding on vested RSUs is a routine administrative disposition: the company retains shares to satisfy tax obligations rather than the insider selling shares on the open market. Such transactions generally reflect tax obligations rather than a deliberate buy/sell decision by the insider and are not usually interpreted as a directional signal about company prospects.