RSU and PSU vesting boosts BILL Holdings, Inc. (BILL) insider stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BILL Holdings, Inc. officer Mary Kay Bowman reported multiple equity award transactions. On February 28, 2026, she acquired shares of common stock through the exercise or conversion of restricted stock units (RSUs) and performance stock units (PSUs), with no cash paid per share in those conversions.
The filing shows RSUs and PSUs that each represent a right to receive one share of common stock, vesting over one to three years starting on August 28, 2025 and November 28, 2025, subject to continued service. It also reports a disposition of 5,063 shares of common stock at $44.19 per share to cover tax withholding obligations tied to the vesting of these units.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,935 shares exercised/converted
Mixed
6 txns
Insider
Bowman Mary Kay
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,451 | $0.00 | -- |
| Exercise | Performance Stock Units | 4,147 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,337 | $0.00 | -- |
| Exercise | Common Stock | 14,788 | $0.00 | -- |
| Exercise | Common Stock | 4,147 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,063 | $44.19 | $224K |
Holdings After Transaction:
Restricted Stock Unit — 74,508 shares (Direct);
Performance Stock Units — 24,884 shares (Direct);
Restricted Stock Units — 14,673 shares (Direct);
Common Stock — 56,716 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock. Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs and PSUs. The RSUs vest as to 1/4th of the total shares on August 28, 2025, and thereafter 1/16th of the total shares vest quarterly over three years, subject to the continued service of the Reporting Person on each vesting date. The PSUs vest over three years; 1/3rd vests on August 28, 2025, and thereafter the remaining 2/3rd will vest quarterly over two years, subject to the continuing service of the Reporting Person on each vesting date. The RSUs vest in 4 equal quarterly installments over one year, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
FAQ
What did Mary Kay Bowman report in the BILL (BILL) Form 4 filing?
Mary Kay Bowman reported equity award activity involving RSUs, PSUs, and common stock. She acquired shares through derivative exercises and had shares withheld to cover taxes related to vesting, reflecting routine compensation and tax-withholding mechanics rather than open-market buying or selling.
What vesting schedule applies to the RSUs reported by BILL (BILL)?
One RSU grant vests 1/4 of shares on August 28, 2025, with 1/16 vesting quarterly over three years. Another RSU grant vests in four equal quarterly installments over one year, beginning on November 28, 2025, subject to continued service.
How do the PSUs granted by BILL (BILL) vest for the insider?
The performance stock units vest over three years. According to the disclosure, 1/3 of the PSUs vest on August 28, 2025, and the remaining 2/3 vest quarterly over the following two years, conditioned on the reporting person’s continued service at each vesting date.