BlackLine (BL) CCO logs PRSU vesting with tax-withheld shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BLACKLINE, INC. chief commercial officer Stuart Van Houten reported equity award activity involving company common stock. A performance-based restricted stock unit grant vested, resulting in the acquisition of 8,979 shares at $36.15 per share, and 7,453 shares were withheld at the same price to cover tax liabilities. After these transactions, he directly owned 62,526 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Van Houten Stuart
Role
CHIEF COMMERCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 8,979 | $36.15 | $325K |
| Tax Withholding | Common Stock | 7,453 | $36.15 | $269K |
Holdings After Transaction:
Common Stock — 69,979 shares (Direct)
Footnotes (1)
- The reported shares relate to the portion of a Performance Based Restricted Stock Unit ("PRSU") granted on April 2, 2025 that has vested based on the Issuer's achievement of certain fiscal 2025 performance targets that were set by the Compensation Committee at the time of grant. The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of PRSUs and restricted stock units.
FAQ
What did BlackLine (BL) executive Stuart Van Houten report in this Form 4?
Stuart Van Houten reported equity award activity tied to a performance-based restricted stock unit. 8,979 common shares were acquired upon vesting, and 7,453 shares were withheld to satisfy tax obligations, leaving him with direct ownership of 62,526 BlackLine common shares.
Was the BlackLine (BL) Form 4 transaction an open-market stock purchase or sale?
No, the transactions were not open-market trades. Shares were acquired through the vesting and exercise of a performance-based restricted stock unit, and a portion of the resulting shares was withheld by the company to cover the reporting person’s tax liabilities.
What type of award vested for BlackLine (BL) executive Stuart Van Houten?
The activity relates to a performance-based restricted stock unit grant awarded on April 2, 2025. The portion reported vested after BlackLine achieved certain fiscal 2025 performance targets that were established by the company’s compensation committee at the time of the grant.