Company: PHR
Filing Date: 2025-05-14
Form Type: DEF 14A
Source: 0001412408-25-000027
Chunk: 57

Company: Phreesia, Inc.
Filing Date: 2025-05-14
Form: DEF 14A
Chunk 57
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 the date that such RSUs are granted when incentive plan earnouts are known at the end of the performance periods. Any portion of a participant's earned cash incentive bonus paid in RSUs is paid out at a 15% premium to recognize additional stockholder and liquidity risk. The premium is similar to the amount the Company would pay to an outsider to underwrite equity financing, which is similar to paying employees in stock, rather than cash, for an earned cash incentive award. Bonus RSUs granted to our Chief Executive Officer and to our Chief Operating Officer are subject to a one-year holding period requirement after the reduction of the initial grant amount for any shares sold to cover applicable taxes.

Performance in Fiscal 2025 and Resulting Bonus Payouts

Our compensation committee assessed performance and determined payouts under our Senior Executive Cash Incentive Bonus Plan measuring actual performance against pre-established performance goals for the performance period. For the first half of fiscal 2025, which had a 30% weighting, we exceeded our performance goals, resulting in a total bonus funding percentage for the first half goals of 128.2%.

<div align='center'>Target Bonuses Funded in the First Fiscal Half of 2025 (30% Weighting)</div>

| Performance Measure |     | Goal             
 ($ in thousands) |         |     | Result           
 ($ in thousands) |         |     | Actual                
 Achievementof Goal(%) |     | Payout Based on Plan 
 (%)                  |
|:--------------------|:----|:-----------------|--------:|:----|:-----------------|--------:|:----|:----------------------|:----|:---------------------|
| Revenue             |     | $                | 202,774 |     | $                | 203,332 |     | 100.3%                |     | 106.3%               |
| Adjusted EBITDA     |     | $                |  -1,513 |     | $                |  10,622 |     | 700.5%                |     | 150.0%               |

For the full fiscal year 2025, which has a 70% weighting in the overall bonus payment, we exceeded the performance goals under the Senior Executive Cash Incentive Bonus Plan and the resulting total funding percentage was 129.5% of the bonus target for the annual portion.

<div align='center'>Target Bonuses Funded in the Second Half of Fiscal 2025 (70% Weighting)</div>

| Performance