BlackLine (BL) Chief Commercial Officer has 1,720 shares withheld to cover RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BLACKLINE, INC. Chief Commercial Officer Stuart Van Houten reported a routine tax-related share disposition tied to equity compensation. The company withheld 1,720 shares of common stock at $30.84 per share to cover his tax liability upon vesting of restricted stock units. After this withholding, he directly holds 108,686 shares of BlackLine common stock, so the event reflects tax settlement rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Van Houten Stuart
Role
Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,720 | $30.84 | $53K |
Holdings After Transaction:
Common Stock — 108,686 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 1,720 shares
Withholding price: $30.84/share
Post-transaction holdings: 108,686 shares
3 metrics
Tax-withheld shares
1,720 shares
Shares withheld to cover tax liability on RSU vesting
Withholding price
$30.84/share
Value per share for tax-withholding disposition
Post-transaction holdings
108,686 shares
Direct BlackLine common stock held after tax withholding
Key Terms
restricted stock units, tax liability, Common Stock, tax-withholding disposition
4 terms
restricted stock units financial
"in connection with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"withheld to cover the Reporting Person's tax liability"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did BlackLine (BL) executive Stuart Van Houten report in this Form 4?
Stuart Van Houten reported shares withheld to pay taxes on vested restricted stock units. BlackLine withheld 1,720 common shares at $30.84 each. This is a tax-withholding disposition, not an open-market purchase or sale, and reflects routine equity compensation processing.
Was the BlackLine (BL) Form 4 transaction an open-market sale or purchase?
The Form 4 reports no open-market sales or purchases. Instead, it shows a tax-withholding disposition, where 1,720 shares were withheld by BlackLine at $30.84 per share to cover Stuart Van Houten’s tax liability from restricted stock unit vesting.
What role does Stuart Van Houten hold at BlackLine (BL)?
Stuart Van Houten serves as BlackLine’s Chief Commercial Officer. In this capacity, he receives equity compensation such as restricted stock units, which can trigger tax-withholding share dispositions like the 1,720-share withholding disclosed in the latest Form 4 filing.