BILL insider filing shows RSU/PSU vesting and tax-withholding at $49.20
Rhea-AI Filing Summary
Mary Kay Bowman, EVP, Payments and Financial Services at BILL Holdings, Inc. (BILL), reported equity activity on 08/28/2025 showing awards vesting and shares withheld for taxes. The filing records 29,804 Restricted Stock Units (RSUs) and 16,592 Performance Stock Units (PSUs) treated as acquisitions (code M) and 15,750 shares disposed (code F) at a reported price of $49.20 to satisfy withholding. After the reported transactions, the filings list beneficial ownership figures of 89,409 shares related to RSUs and 33,179 shares related to PSUs, and a direct beneficial ownership balance of 30,646 shares following the tax-withholding disposition. The RSUs vest as to one-quarter on 08/28/2025 then 1/16th quarterly over three years; the PSUs vest one-third on 08/28/2025 then quarterly over two years, both subject to continued service.
Positive
- Significant vesting of long-term incentives: 29,804 RSUs and 16,592 PSUs vested, indicating management retention and alignment
- Transparent tax withholding: 15,750 shares withheld at $49.20 to satisfy tax obligations, disclosed as a disposition
Negative
- No material negative items disclosed in this filing; transactions are routine compensation events
Insights
TL;DR: Routine executive equity vesting with tax-withholding; not a material change to share structure.
The filing documents standard compensation-related vesting events rather than open-market purchases or discretionary sales. The conversion of 29,804 RSUs and 16,592 PSUs into underlying common shares reflects scheduled vesting tied to service conditions, increasing the reporting person’s stake tied to long-term incentives. The 15,750-share disposition at $49.20 represents withholding for taxes, a non-dispositive transfer that does not indicate a cash sale to a third party. Overall, this is a routine governance and compensation disclosure with limited immediate impact on liquidity or control.
TL;DR: Vesting schedule and tax withholding align executive incentives with retention; no governance red flags.
The filing clearly describes vesting mechanics: RSUs vest 25% initially then quarterly over three years; PSUs vest 33% initially then quarterly over two years, both conditional on continued service. These multi-year vesting schedules support retention and alignment of management with shareholder value. The tax withholding event is disclosed transparently. There are no departures, accelerations, or unusual transaction codes disclosed that would suggest governance concerns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 29,804 | $0.00 | -- |
| Exercise | Performance Stock Units | 16,592 | $0.00 | -- |
| Exercise | Common Stock | 29,804 | $0.00 | -- |
| Exercise | Common Stock | 16,592 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,750 | $49.20 | $775K |
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.
