Phreesia Director Ramin Sayar Awarded 19,290 RSUs Worth $185K
Phreesia board member Ramin Sayar received a restricted stock unit grant under the company's 2019 incentive plan, boosting his total holdings to 52,725 shares.
If you've ever wondered how corporate board members get compensated beyond a simple paycheck, this is a good example. Phreesia (PHR) director Ramin Sayar was recently awarded 19,290 Restricted Stock Units — commonly called RSUs — of the company's common stock. At a price of $9.59 per share, that grant is worth roughly $185,000 on paper.
So what exactly are RSUs? Think of them as a promise from the company to hand over actual shares once certain conditions are met. In this case, Sayar's RSUs will vest — meaning he'll officially own the shares — on whichever comes first: June 24, 2027, or the date of Phreesia's next annual stockholder meeting. The earlier-of structure is pretty typical for director compensation packages, since board members' tenures naturally align with annual meetings.
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The grant was made under Phreesia's 2019 Stock Option and Incentive Plan, the same umbrella the company uses for equity awards across its executive and director ranks. After this new grant is factored in, Sayar's direct stake in Phreesia climbs to 52,725 shares total. That's a meaningful position that gives him real skin in the game — when Phreesia's stock moves, so does his net worth tied to it.
For everyday investors, insider grants like this are worth keeping an eye on. They don't automatically signal a buy or sell, but a director holding a growing chunk of shares generally means leadership has incentive to push the stock price higher over the long run. Whether Phreesia delivers on that remains to be seen.
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