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Phreesia Awards Inducement Grants as Part of its Acquisition of Access eForms

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Phreesia, Inc. has approved the grant of restricted stock unit awards to 24 new non-executive employees. The awards, totaling 12,285 shares of common stock, were made on August 15, 2023, in accordance with the 2023 Inducement Award Plan. The awards will vest annually over a four-year period, subject to continued employment.
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WILMINGTON, Del.--(BUSINESS WIRE)-- On July 13, 2023, Phreesia, Inc.’s (“Phreesia”) Board of Directors approved the grant of restricted stock unit awards pursuant to Phreesia’s 2023 Inducement Award Plan (the “Plan”). On August 15, 2023, Phreesia made grants pursuant to the Plan in an aggregate amount of 12,285 shares of its common stock to 24 new non-executive employees to induce them to join Phreesia. The awards vest annually in equal installments over a four-year period following their grant, subject to continued employment. Each award was granted as a material inducement to employment in accordance with the NYSE Listed Company Manual Rule 303A.08.

About Phreesia

Phreesia is the trusted leader in patient activation, giving providers, health plans, life sciences companies and other organizations tools to help patients take a more active role in their care. Founded in 2005, Phreesia enabled more than 120 million patient visits in 2022–more than 1 in 10 visits across the U.S.–scale that we believe allows us to make meaningful impact. Offering patient-driven digital solutions for intake, outreach, education and more, Phreesia enhances the patient experience, drives efficiency and improves healthcare outcomes. To learn more, visit www.phreesia.com.

Media:

Maureen McKinney

mmckinney@phreesia.com

773-330-8908

Source: Phreesia, Inc.

FAQ

What did Phreesia's Board of Directors approve?

Phreesia's Board of Directors approved the grant of restricted stock unit awards.

How many shares of common stock were granted?

A total of 12,285 shares of common stock were granted.

Who were the awards granted to?

The awards were granted to 24 new non-executive employees.

How will the awards vest?

The awards will vest annually in equal installments over a four-year period.

What is the purpose of the awards?

The awards were granted as a material inducement to employment.

Phreesia, Inc.

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