BlackLine (NASDAQ: BL) officer logs PRSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BLACKLINE, INC. Chief Accounting Officer Michelle D. Stalick reported equity award activity tied to 2025 performance. She acquired 1,347 shares of common stock on vesting of a performance-based restricted stock unit granted on April 2, 2025. To cover tax liabilities on this vesting and other restricted stock units, 2,842 shares were withheld, leaving her with 21,594 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stalick Michelle D
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 1,347 | $36.15 | $49K |
| Tax Withholding | Common Stock | 2,842 | $36.15 | $103K |
Holdings After Transaction:
Common Stock — 24,436 shares (Direct)
Footnotes (1)
- The reported shares relate to the portion of a Performance Based Restricted Stock Unit ("PRSU") granted on April 2, 2025 that has vested based on the Issuer's achievement of certain fiscal 2025 performance targets that were set by the Compensation Committee at the time of grant. The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of PRSUs and restricted stock units.
FAQ
What insider transactions did BL executive Michelle Stalick report?
Michelle Stalick reported vesting-related equity transactions, not open-market trades. She acquired 1,347 BlackLine common shares from a performance-based restricted stock unit and had 2,842 shares withheld to satisfy tax obligations on those PRSUs and other restricted stock units.
Were Michelle Stalick’s BlackLine (BL) transactions open-market buys or sells?
The filing shows no open-market buys or sells. Shares were acquired through vesting of a performance-based restricted stock unit and disposed of only via share withholding to pay taxes and exercise costs, a common administrative mechanism for equity compensation.
What is the origin of the performance-based RSU reported by BL’s Michelle Stalick?
The performance-based restricted stock unit was granted on April 2, 2025. The reported shares relate to the portion that vested after BlackLine achieved specified fiscal 2025 performance targets set by the Compensation Committee at the time the award was granted.