Company: PHR
Filing Date: 2025-05-14
Form Type: DEF 14A
Source: 0001412408-25-000027
Chunk: 61

Company: Phreesia, Inc.
Filing Date: 2025-05-14
Form: DEF 14A
Chunk 61
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 VWAP was used by the compensation committee to neutralize for the volatility in our stock price before the grant of equity awards. The value reported in the Summary Compensation Table is estimated using a Monte Carlo Simulation model and is not necessarily the same as the target value. We believe that PSUs further align our executive officers’ interests with those of our shareholders in order to create shareholder value, both based on the performance of the underlying business, and based on share price performance. The equity award values approved by the compensation committee were priced based on the 60-day VWAP to achieve the following target equity awards:

| Named Executive Officer |     | Target PSU Value  ($ in thousands)(1) |       |       |     | Target RSU Value  ($ in thousands) |       |       |     | Target Equity Award Value ($ in thousands) |       |       |
|:------------------------|:----|:--------------------------------------|------:|------:|:----|:-----------------------------------|------:|------:|:----|:-------------------------------------------|------:|------:|
| Chaim Indig             |     | $                                     | 4,000 |       |     | $                                  | 1,000 |       |     | $                                          | 5,000 |       |
| Balaji Gandhi           |     |                                       |       | 1,150 |     |                                    |       | 1,150 |     |                                            |       | 2,300 |
| Evan Roberts            |     |                                       |       | 1,150 |     |                                    |       | 1,150 |     |                                            |       | 2,300 |
| David Linetsky          |     |                                       |       | 1,150 |     |                                    |       | 1,150 |     |                                            |       | 2,300 |
| Allison Hoffman         |     |                                       |       |   534 |     |                                    |       |   991 |     |                                            |       | 1,525 |

| (1) |     | The number of awards earned for target performance was calculated using the 60-day VWAP of $21.30. |

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The PSUs that we granted to our NEOs in fiscal 2022 completed their three-year performance period during fiscal 2025. 53.50% of these PSUs were earned under the grant formula because the three-year performance was at the 36.17th percentile relative to constituents