BILL (NYSE: BILL) CEO Lacerte vests RSUs, covers tax via share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BILL Holdings CEO Rene A. Lacerte reported equity award activity rather than open‑market trading. On May 28, 2026, he exercised or converted equity awards into 31,286 shares of BILL common stock, reflecting vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
To cover related tax obligations from these vestings, the company withheld 15,922 shares at $34.85 per share, a non‑market disposition. After these transactions, Lacerte held 117,232 BILL shares directly, along with additional indirect holdings through multiple family trusts and the Makahakama Foundation.
Positive
- None.
Negative
- None.
Insider Trade Summary
31,286 shares exercised/converted
Mixed
15 txns
Insider
Lacerte Rene A.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,359 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,658 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 8,309 | $0.00 | -- |
| Exercise | Performance Stock Units | 6,660 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 7,300 | $0.00 | -- |
| Exercise | Common Stock | 24,626 | $0.00 | -- |
| Exercise | Common Stock | 6,660 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,922 | $34.85 | $555K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 5,359 shares (Direct, null);
Performance Stock Units — 33,304 shares (Direct, null);
Common Stock — 126,494 shares (Direct, null);
Common Stock — 1,708,749 shares (Indirect, See footnote)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Includes 403 shares of the Issuer's Common Stock acquired under the Issuer's employee stock purchase plan on May 15, 2026. 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.
Key Figures
Shares from award exercises: 31,286 shares
Shares withheld for taxes: 15,922 shares
Withholding price: $34.85 per share
+4 more
7 metrics
Shares from award exercises
31,286 shares
Common stock delivered from RSU/PSU exercises on May 28, 2026
Shares withheld for taxes
15,922 shares
Withheld to satisfy tax obligations on May 28, 2026
Withholding price
$34.85 per share
Value used for tax‑withholding share disposition
Direct holdings after transaction
117,232 shares
BILL common stock held directly by CEO after May 28, 2026
Indirect trust holding example
1,708,749 shares
Indirectly held through a trust as of May 28, 2026
RSUs remaining
65,700 units
Restricted Stock Units outstanding following transactions
PSUs remaining
33,304 units
Performance Stock Units outstanding following transactions
Key Terms
Restricted Stock Unit, Performance Stock Unit, tax withholding obligation, employee stock purchase plan, +2 more
6 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance Stock Unit financial
"Each Performance Stock Unit ("PSU") represents a conditional right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax withholding obligation financial
"Represents shares withheld to satisfy tax withholding obligation in connection with the vesting of RSUs and PSUs."
employee stock purchase plan financial
"Includes 403 shares of the Issuer's Common Stock acquired under the Issuer's employee stock purchase plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
family trust financial
"The shares are held by a family trust with Rene A. Lacerte and Joyce A. Chung, as Trustors"
Makahakama Foundation financial
"The shares are held by the Makahakama Foundation."
FAQ
What insider activity did BILL (BILL) disclose for CEO Rene Lacerte?
CEO Rene Lacerte reported equity award vesting and exercises, not open‑market trading. He converted RSUs and PSUs into 31,286 shares of BILL common stock, with part of the shares withheld to satisfy tax obligations tied to these vesting events.
What RSU and PSU awards for BILL (BILL) are covered in this Form 4 filing?
The filing covers vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) that convert into BILL common stock. In total, 31,286 underlying shares were delivered through these derivative exercises on May 28, 2026.
How do the BILL (BILL) RSU awards for Rene Lacerte vest over time?
Several RSU grants vest in equal quarterly installments over three to four years, starting on November 28, 2022, 2023, 2024, and 2025. Continued vesting is subject to Lacerte’s ongoing service with BILL on each vesting date.
How do the BILL (BILL) Performance Stock Units for the CEO vest?
The Performance Stock Units vest over three years: one‑third on August 28, 2025, with the remaining two‑thirds vesting quarterly over the following two years. Vesting remains contingent on continued service with the company on each vesting date.