Company: PHR
Filing Date: 2025-05-14
Form Type: DEF 14A
Source: 0001412408-25-000027
Chunk: 73

Company: Phreesia, Inc.
Filing Date: 2025-05-14
Form: DEF 14A
Chunk 73
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825 for fiscal 2025 and $8,728,539 for fiscal 2024.

(5) We granted Messrs. Roberts and Linetsky PSUs during fiscal 2023, 2024, and 2025. We estimate the grant date fair value of PSUs for fiscal 2023, 2024 and 2025 using a potential payout of zero to 2.2 shares of common stock based on the Company’s TSR relative to a peer group of companies on the Russell 3000 stock index. The Company estimates the fair value of the PSUs using a Monte Carlo Simulation model which projected TSR for Phreesia and each member of the peer group (i) over the three-year performance period for the 2023 and 2024 PSUs and (ii) 50% over each of the 2.5-year and three-year performance periods for the 2025 PSUs. The grant date fair value for Messrs. Roberts and Linetsky included within the Stock Awards column, based on the probability of outcomes of the awards is $2,314,011 for fiscal 2025, $3,204,960 for fiscal 2024 and $1,596,125 for fiscal 2023. The grant date fair value of the awards assuming that the highest level of performance will be achieved would be $5,090,825 for fiscal 2025, $7,050,912 for fiscal 2024 and $3,511,475 for fiscal 2023.

(6) We granted Ms. Hoffman PSUs during fiscal 2023, 2024, and 2025. We estimate the grant date fair value of PSUs for fiscal 2023, 2024 and 2025 using a potential payout of zero to 2.2 shares of common stock based on the Company’s TSR relative to a peer group of companies on the Russell 3000 stock index. The Company estimates the fair value of the PSUs using a Monte Carlo Simulation model which projected TSR for Phreesia and each member of the peer group (i) over the three-year performance period for the 2023 and 2024 PSUs and (ii) 50% over each of the 2.5-year and three-year performance periods for the 2025 PSUs. The grant date fair value for Ms. Hoffman included within the Stock Awards column, based on the probability of outcomes of the awards is $1,074,500 for fiscal 2025