BlackLine (NYSE: BL) grants 46,510 RSUs to Chief Legal officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Morgan-Prager Karole reported acquisition or exercise transactions in this Form 4 filing.
BLACKLINE, INC. reported that Chief Legal and Administrative officer Karole Morgan-Prager received a grant of 46,510 shares of common stock in the form of Restricted Stock Units (RSUs) at no cost per share. Following this award, she directly holds 165,659 shares.
According to the award terms, 25% of the RSUs will vest on the one-year anniversary of February 20, 2026, and 1/16 of the RSUs will vest every three months thereafter on the same calendar day, subject to her continued service through each vesting date. This is a compensation-related equity grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Morgan-Prager Karole
Role
Chief Legal and Administrative
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 46,510 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 165,659 shares (Direct)
Footnotes (1)
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Key Figures
RSUs granted: 46,510 shares
Grant price: $0.00 per share
Total shares after grant: 165,659 shares
+2 more
5 metrics
RSUs granted
46,510 shares
Restricted Stock Unit award to Chief Legal and Administrative officer
Grant price
$0.00 per share
RSU award price in Form 4
Total shares after grant
165,659 shares
Direct holdings following RSU grant
Initial vesting tranche
25% of RSUs
Vests on one-year anniversary of February 20, 2026
Subsequent vesting schedule
1/16 of RSUs every three months
Quarterly vesting after initial one-year vest date
Key Terms
Restricted Stock Unit ("RSU"), vest, vesting date
3 terms
Restricted Stock Unit ("RSU") financial
"Each share is represented by a Restricted Stock Unit ("RSU")."
vest financial
"25% of the RSUs will vest on the one (1) year anniversary of February 20, 2026"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
vesting date financial
"subject to the reporting person's continued service through each applicable vesting date"
FAQ
What insider transaction did BLACKLINE (BL) disclose for Karole Morgan-Prager?
BLACKLINE disclosed that Chief Legal and Administrative officer Karole Morgan-Prager received a grant of 46,510 Restricted Stock Units. Each RSU represents one share of common stock, awarded at no cost as part of her equity compensation package, increasing her direct holdings to 165,659 shares.
What are the vesting terms of the 46,510 RSUs granted by BLACKLINE (BL)?
The 46,510 RSUs vest over time. Twenty-five percent will vest on the one-year anniversary of February 20, 2026, and 1/16 of the RSUs will then vest every three months on the same day, contingent on her continued service with the company.
Was the BLACKLINE (BL) RSU grant to Karole Morgan-Prager an open-market stock purchase?
No, the transaction was a grant of Restricted Stock Units, not an open-market stock purchase. The RSUs were awarded at a price of $0.00 per share as equity compensation, classified in the filing as a grant, award, or other acquisition.
What does a transaction code "A" mean in the BLACKLINE (BL) Form 4 filing?
In this Form 4, transaction code "A" indicates a grant, award, or other acquisition of securities. For Karole Morgan-Prager, it reflects the issuance of 46,510 Restricted Stock Units as compensation, rather than a traditional buy or sell transaction in the open market.