BILL Holdings (NYSE: BILL) officer reports RSU and PSU vesting with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BILL Holdings, Inc. officer Mary Kay Bowman reported equity award vesting and related tax withholding. On May 28, 2026, she exercised or converted equity awards into a total of 18,934 shares of common stock through multiple transactions coded “M,” reflecting RSU and PSU vesting.
As part of these vestings, 6,976 shares of common stock were disposed of at $34.85 per share in a transaction coded “F” to satisfy tax withholding obligations, not as an open‑market sale. Footnotes explain that each RSU and PSU converts into one share of common stock and outline multi‑year vesting schedules tied to her continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,934 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 | 7,336 | $0.00 | -- |
| Exercise | Common Stock | 14,787 | $0.00 | -- |
| Exercise | Common Stock | 4,147 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,976 | $34.85 | $243K |
Holdings After Transaction:
Restricted Stock Unit — 67,057 shares (Direct, null);
Performance Stock Units — 20,737 shares (Direct, null);
Restricted Stock Units — 7,337 shares (Direct, null);
Common Stock — 70,587 shares (Direct, null)
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.
Key Figures
Shares withheld for tax: 6,976 shares
Tax withholding price: $34.85 per share
Shares from award exercises: 18,934 shares
+5 more
8 metrics
Shares withheld for tax
6,976 shares
Tax withholding disposition at $34.85 per share on May 28, 2026
Tax withholding price
$34.85 per share
Price used for 6,976 withheld shares
Shares from award exercises
18,934 shares
Total shares from derivative exercises/conversions coded “M”
RSUs converted
7,336 units
Restricted Stock Units exercised into common stock on May 28, 2026
PSUs converted
4,147 units
Performance Stock Units exercised into common stock on May 28, 2026
Additional RSUs converted
7,451 units
Restricted Stock Unit award exercised into common stock
Tax-withholding transactions
1 transaction
Code “F” disposition to satisfy tax obligations
Derivative exercises
3 transactions
Exercise or conversion of derivative securities coded “M”
Key Terms
Restricted Stock Unit ("RSU"), Performance Stock Unit ("PSU"), tax withholding obligation, vest, +1 more
5 terms
Restricted Stock Unit ("RSU") financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
Performance Stock Unit ("PSU") financial
"Each Performance Stock Unit ("PSU") represents a conditional right to receive one share"
tax withholding obligation financial
"Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting"
vest financial
"The RSUs vest as to 1/4th of the total shares on August 28, 2025"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
FAQ
What did Mary Kay Bowman report in this BILL (BILL) Form 4 filing?
Mary Kay Bowman reported equity award vesting and related tax withholding. She exercised or converted restricted and performance stock units into common shares and had a portion of those shares withheld to cover tax obligations associated with the vesting events.
Were Mary Kay Bowman’s BILL transactions open‑market stock sales?
The reported transactions were not open‑market sales. The Form 4 shows “M” code exercises of equity awards and an “F” code disposition, which represents shares withheld to pay tax obligations upon vesting, rather than discretionary selling in the open market.
What are RSUs and PSUs in the context of BILL’s Form 4 filing?
In this filing, each restricted stock unit (RSU) and performance stock unit (PSU) represents a right to receive one BILL common share. They convert into shares as they vest over time, subject to Mary Kay Bowman’s continued service with the company on each vesting date.
What vesting schedules apply to Mary Kay Bowman’s BILL RSUs and PSUs?
One RSU grant vests 25% on August 28, 2025, then quarterly over three years. The PSUs vest one‑third on August 28, 2025, with the remaining two‑thirds vesting quarterly over two years. Another RSU grant vests in four equal quarterly installments starting November 28, 2025.