BlackLine (NYSE: BL) director Duncan Storm awarded 922 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Duncan Storm reported acquisition or exercise transactions in this Form 4 filing.
BLACKLINE, INC. director Duncan Storm reported an initial equity award in the form of 922 restricted stock units of common stock. This grant was made following his appointment to the board on March 11, 2026, under the company’s Outside Director Compensation Policy.
Each restricted stock unit represents a contingent right to receive one share of common stock upon settlement. All 922 units will vest the day prior to BlackLine’s next annual stockholder meeting, subject to Storm’s continued service on the board through that vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Duncan Storm
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 922 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 922 shares (Direct)
Footnotes (1)
- This Form 4 reports an initial grant of restricted stock units to Mr. Duncan following his appointment to the Issuer's board of directors on March 11, 2026. The filing was delayed due to a procedural delay in Mr. Duncan receiving the requisite EDGAR access codes from the SEC. This Form 4 was filed promptly upon receipt of the codes. Represents an initial stock unit ("RSU") award issued pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. 100% of the RSUs will vest the day prior to the Issuer's next annual stockholder meeting, subject to the reporting person's continued service through the applicable vesting date.
FAQ
What insider transaction did BlackLine (BL) director Duncan Storm report?
Duncan Storm reported receiving 922 restricted stock units of BlackLine common stock. The award is an initial equity grant tied to his appointment to the board and was made under the company’s Outside Director Compensation Policy as part of standard director compensation.
When was Duncan Storm appointed to BlackLine (BL)’s board of directors?
Duncan Storm was appointed to BlackLine’s board of directors on March 11, 2026. The Form 4 describes an initial restricted stock unit award granted in connection with this appointment, reflecting his new role as an outside director of the company.
When will Duncan Storm’s BlackLine (BL) RSUs vest?
All 922 restricted stock units will vest on the day before BlackLine’s next annual stockholder meeting. Vesting is conditioned on Duncan Storm’s continued service on the board of directors through that date, as outlined in the award’s terms.
What does each BlackLine (BL) RSU granted to Duncan Storm represent?
Each restricted stock unit represents a contingent right to receive one share of BlackLine common stock upon settlement. Actual share delivery occurs after vesting, so the units function as a form of deferred equity compensation for the outside director.
Why was the Form 4 for Duncan Storm’s BlackLine (BL) grant delayed?
The Form 4 was delayed due to a procedural delay in Duncan Storm receiving required EDGAR access codes from the SEC. According to the footnote, the report was filed promptly once those electronic filing credentials became available to the new director.