BlackLine (BL) founder logs PRSU vesting and share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BLACKLINE, INC. founder and director Therese Tucker reported equity compensation activity in company common stock. On February 20, 2026, three tranches of performance-based restricted stock units vested into 21,761, 9,332, and 11,225 shares at a reference price of $36.15 per share, following achievement of fiscal 2023, 2024, and 2025 performance targets set at grant.
To cover related tax liabilities and exercise costs, 31,786 shares were disposed of through share withholding rather than market sales. After these transactions, Tucker directly holds 361,660 common shares and also reports indirect holdings through various family and charitable trusts, including 1,509,881 shares in the Brian and Therese Tucker Living Trust and 874,128 shares in the Tucker Legacy Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Tucker Therese
Role
Founder
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 21,761 | $36.15 | $787K |
| Exercise | Common Stock | 9,332 | $36.15 | $337K |
| Exercise | Common Stock | 11,225 | $36.15 | $406K |
| Tax Withholding | Common Stock | 31,786 | $36.15 | $1.15M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 372,889 shares (Direct);
Common Stock — 100,178 shares (Indirect, Brian and Therese Tucker Charitable Remainder Trust)
Footnotes (1)
- The reported shares relate to the portion of a Performance Based Restricted Stock Unit ("PRSU") granted on March 7, 2023 that has vested based on the Issuer's achievement of certain fiscal 2023 performance targets that were set by the Compensation Committee at the time of grant. The reported shares relate to the portion of a PRSU granted on March 17, 2024 that has vested based on the Issuer's achievement of certain fiscal 2024 performance targets that were set by the Compensation Committee at the time of grant. The reported shares relate to the portion of a 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 Therese Tucker report for BLACKLINE (BL)?
Therese Tucker reported vesting of three performance-based restricted stock unit tranches and related tax-withholding share dispositions. The activity reflects equity awards converting into common stock, with some shares withheld to satisfy tax obligations instead of being sold in the open market.
Were Therese Tucker’s BLACKLINE (BL) Form 4 transactions open-market buys or sells?
The Form 4 shows no open-market purchases or sales. Shares were acquired through vesting of performance-based restricted stock units and disposed of via share withholding to cover taxes and costs, a common non-market mechanism used for equity compensation settlements.
What do the M and F transaction codes mean in BLACKLINE (BL) founder’s Form 4?
Code M indicates shares acquired through exercise or conversion of derivative securities, here tied to vesting performance-based RSUs. Code F reflects shares withheld to pay exercise price or tax liabilities, meaning shares were surrendered for obligations rather than sold on the market.
Do Therese Tucker’s BLACKLINE (BL) Form 4 entries reflect performance-based vesting?
Yes. Footnotes state the reported shares relate to portions of performance-based RSUs granted in 2023, 2024, and 2025 that vested after BlackLine achieved specified fiscal performance targets set by the Compensation Committee at the time of each grant.