Phreesia, Inc 8-K, filed Aug 20, 2021
Phreesia, Inc. (PHR)
8-K
2021-08-20
For: 2021-08-18
View Original
Added on
April 04, 2026
About this 8-K
Phreesia, Inc filed this 8-K on August 20, 2021, reporting on events of August 18, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
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(888 ) 654-7473
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Emerging growth company ☐
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 18, 2021, the Compensation Committee (the “Committee”) of the Board of Directors (the “Board”) of Phreesia, Inc. (the “Company”) approved certain changes to the Phreesia Variable Compensation Plan February 2021-2022 (the “Plan”) for eligible employees of the Company, including the Company’s named executive officers listed in the Company’s fiscal year 2020 annual proxy statement (the “NEOs”).
Under the Plan, eligible employees, including the NEOs, will have the ability to receive any earned bonus related to FY Variable Compensation (i.e., 70% of the total opportunity under the Plan) in the form of restricted stock units that have a value equal to 115% of such earned bonus (the “RSU Grant”), rather than receiving such earned bonus amount at 100% of the earned bonus value in cash (the “RSU Election”).
The Committee intends to approve RSU Grants under the Company’s 2019 Stock Option and Incentive Plan for any eligible employees that choose the RSU Election on the same day in fiscal year 2022 that the Committee determines the earned FY Variable Compensation amounts under the Plan. The RSU Grants will be fully vested on the grant date, and with respect to NEOs, at the discretion of the Company’s Chief Executive Officer at the time the RSU Election is offered, such RSU Election may include the requirement that the shares received under the RSU Grant (after being reduced for any such shares sold or withheld to cover applicable withholding tax obligations) be subject to a specified holding period.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: August 20, 2021 | Phreesia, Inc. | |||||||||||||||||||||||||
| By: | /s/ Randy Rasmussen | |||||||||||||||||||||||||
| Name: | Randy Rasmussen | |||||||||||||||||||||||||
| Title: | Chief Financial Officer | |||||||||||||||||||||||||