8-K
filed March 13, 2026, 7:59 PM ET
ticker PGNY
CIK 0001551306
litigation
confidence high
sentiment neutral
materiality 0.55
Progyny settles derivative suit over director pay; caps annual comp at $288k per director
Progyny, Inc.
- Derivative action challenged non-employee director compensation since 2020; settlement includes governance reforms.
- New policy caps annual director awards at $48k cash and $240k equity, total $288k per director.
- Committee chairs and lead independent director receive additional cash awards ($25k, $20k, $15k, $40k).
- Plaintiff's counsel to receive $450,000 in fees/expenses from defendants/insurers, subject to court approval.
- Settlement hearing set for May 28, 2026; reforms must be maintained for at least 4 years.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001551306-26-000040
- form_type
- 8-K
- ticker
- PGNY
- cik
- 0001551306
- company_name
- Progyny, Inc.
- filed_at
- 2026-03-13T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:35.405821+00:00
- generated_at
- 2026-05-15T12:33:35.964382+00:00
- sec_items
- ["8.01", "9.01"]
- event_type
- litigation
- sentiment
- neutral
- materiality_score
- 0.55
- calibrated_materiality_score
- 0.55
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001551306-26-000040
- json_url
- https://secwatch.observer/filing/0001551306-26-000040.json
- markdown_url
- https://secwatch.observer/filing/0001551306-26-000040.md
- text_url
- https://secwatch.observer/filing/0001551306-26-000040.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1551306/000155130626000040/0001551306-26-000040-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1551306/000155130626000040/pgny-20260126.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
- null
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