BILL Holdings (BILL) CEO Lacerte details equity vesting and 15,889-share tax withholding
Rhea-AI Filing Summary
BILL Holdings CEO and director Rene A. Lacerte reported equity award activity on 11/28/2025. Restricted stock units and performance stock units converted into 24,624 and 6,661 shares of common stock, respectively, increasing his directly held shares to 92,054 and then 98,715 before tax withholding.
To cover tax obligations tied to these vestings, 15,889 shares were withheld at a price of $50.15, leaving him with 82,826 shares held directly. He also reports substantial indirect holdings through multiple family trusts and foundations, including 1,708,749 shares held by the Chung Lacerte Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,358 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,657 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 8,309 | $0.00 | -- |
| Exercise | Performance Stock Units | 6,661 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 7,300 | $0.00 | -- |
| Exercise | Common Stock | 24,624 | $0.00 | -- |
| Exercise | Common Stock | 6,661 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,889 | $50.15 | $797K |
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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 tax withholding obligation in connection with the vesting of RSUs and PSUs. The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees. The shares are held by a family trust with Rene A. Lacerte and Joyce A. Chung, as Trustors, and Rene A. Lacerte, Joyce A. Chung, and Daniel C. Chung, as Trustees. The shares are held by a trust for which the Reporting Person and his spouse serve as trustees. The shares are held by an additional trust for which the Reporting Person and his spouse serve as trustees. The shares are held by the Makahakama Foundation. The shares are held by Makahakama Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2023, subject to the continuing service of the Reporting Person on each vesting date. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing 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 12 equal quarterly installments over three years, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
FAQ
What insider transaction did BILL (BILL) disclose for November 28, 2025?
On 11/28/2025, BILL Holdings CEO Rene A. Lacerte reported the vesting of restricted stock units and performance stock units that converted into 24,624 and 6,661 shares of common stock, along with related tax share withholding.
What is the CEO’s direct ownership in BILL Holdings after the reported transactions?
Following the reported vesting and tax withholding transactions, Rene A. Lacerte directly holds 82,826 shares of BILL Holdings common stock.
How do BILL Holdings RSUs reported here vest over time?
Certain restricted stock units vest in 16 equal quarterly installments over four years, beginning on dates such as November 28, 2022, November 28, 2023, and November 28, 2024, subject to continued service.
What is the vesting schedule for the BILL Holdings performance stock units (PSUs)?
The performance stock units vest over three years: 1/3 vests on August 28, 2025, and the remaining 2/3 will vest quarterly over the following two years, subject to the CEO’s continuing service.
What new RSU grant schedule begins on November 28, 2025 for BILL Holdings’ CEO?
One RSU grant vests in 12 equal quarterly installments over three years, beginning on November 28, 2025, contingent on the continuing service of the reporting person on each vesting date.