Company: PHR
Filing Date: 2025-05-14
Form Type: DEF 14A
Source: 0001412408-25-000027
Chunk: 35

Company: Phreesia, Inc.
Filing Date: 2025-05-14
Form: DEF 14A
Chunk 35
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 directors with those of our stockholders. Under our Third Amended and Restated Non-Employee Director Compensation Policy (our "Policy"), which was approved by our Board on June 17, 2022, non-employee directors receive initial equity grants when they join the Board, and annual cash retainers and equity grants for their continued annual service. We also reimburse all reasonable out-of-pocket expenses incurred by directors in order to attend meetings of our board or any committee thereof.

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Under our Policy, non-employee directors receive the following annual cash retainers for their service:

| Annual Retainer for Board Membership                                                             |     |   |        |
|:-------------------------------------------------------------------------------------------------|:----|:--|-------:|
| Annual service on the board of directors                                                         |     | $ | 40,000 |
| Annual service as non-executive chairperson                                                      |     | $ | 45,000 |
| Additional Annual Retainer for Committee Membership                                              |     |   |        |
| Annual service as chair of the audit committee                                                   |     | $ | 25,000 |
| Annual service as member of the audit committee (other than chair)                               |     | $ | 10,000 |
| Annual service as chair of the compensation committee                                            |     | $ | 15,000 |
| Annual service as member of the compensation committee (other than chair)                        |     | $ |  7,500 |
| Annual service as chair of the nominating and corporate governance committee                     |     | $ | 10,000 |
| Annual service as member of the nominating and corporate governance committee (other than chair) |     | $ |  5,000 |

The non-executive chair is also eligible to receive up to an additional $95,000 in cash fees depending upon the non-executive chair’s contributions, and his total annual cash fees are capped at $200,000.

Each annual cash retainer is paid quarterly in arrears, pro-rated based on the number of actual days served by the non-employee director during such quarter. The non-employee directors are given the opportunity to elect to receive all of their annual cash retainer fee in the form of an equity award of unrestricted stock having a grant-date fair value equal to the amount of such retainer (a "Converted Cash Retainer").

When first appointed to our board, non-employee directors are granted a restricted stock unit award with a grant date fair value equal to the sum of (