Progyny Inc. has announced that President Michael Sturmer's employment will end effective December 31, 2025. In connection with his departure, Mr. Sturmer will receive severance payments and benefits according to his existing employment agreement. Additionally, he has entered into a consulting agreement with Progyny to serve as a non-employee consultant through December 31, 2026, for an annual advisory fee of $250,000. If Mr. Sturmer continues in this role through June 30, 2026, his vested stock options will remain exercisable beyond their original expiration date for a period proportional to his consulting service.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Progyny Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001551306-25-000218), on December 17, 2025, and is solely responsible for the information contained therein.