BlackLine (BL) director receives 6,416 RSUs in annual equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prichard Megan reported acquisition or exercise transactions in this Form 4 filing.
BLACKLINE, INC. director Megan Prichard received a grant of 6,416 shares of common stock in the form of restricted stock units. This automatic annual RSU award was made under the company’s Outside Director Compensation Policy. Following the grant, she holds 7,338 common shares directly. The RSUs vest in full on the earlier of one year after the May 7, 2026 award date or the day before BlackLine’s next annual stockholder meeting, subject to her continued board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Prichard Megan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,416 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,338 shares (Direct, null)
Footnotes (1)
- Reflects an automatic annual restricted stock unit ("RSU") award pursuant to the Issuer's Outside Director Compensation Policy. The reported securities awarded on May 7, 2026 (the "Award Date") represent RSUs which vest in full upon the earlier of the one (1) year anniversary of the Award Date or the day prior to the Issuer's next annual meeting of the stockholders and in each case subject to the Reporting Person's continued service on the Issuer's board of directors through each vesting date.
Key Figures
RSUs granted: 6,416 shares
Shares owned after grant: 7,338 shares
Award Date: May 7, 2026
+1 more
4 metrics
RSUs granted
6,416 shares
Automatic annual RSU award on May 7, 2026
Shares owned after grant
7,338 shares
Total direct common stock holdings post-transaction
Award Date
May 7, 2026
Grant date for the restricted stock units
Vesting schedule
Earlier of 1 year or pre-next annual meeting
RSUs vest in full if board service continues
Key Terms
restricted stock unit, Outside Director Compensation Policy, Award Date, vest in full
4 terms
restricted stock unit financial
"represent RSUs which vest in full upon the earlier of the one (1) year anniversary"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Outside Director Compensation Policy financial
"automatic annual restricted stock unit ("RSU") award pursuant to the Issuer's Outside Director Compensation Policy"
Award Date financial
"The reported securities awarded on May 7, 2026 (the "Award Date") represent RSUs"
vest in full financial
"represent RSUs which vest in full upon the earlier of the one (1) year anniversary"
FAQ
What did BlackLine (BL) director Megan Prichard report in this Form 4?
She reported receiving 6,416 restricted stock units of BlackLine common stock as an automatic annual award. The grant was made under the company’s Outside Director Compensation Policy and is structured as equity compensation for her service on the board of directors.
When do Megan Prichard’s new BlackLine (BL) RSUs vest?
The 6,416 RSUs vest in full on the earlier of one year after the May 7, 2026 award date or the day prior to BlackLine’s next annual stockholder meeting. Vesting also requires her continued service on the company’s board through the applicable vesting date.
Is Megan Prichard’s BlackLine (BL) RSU grant an open-market stock purchase?
No, the filing describes a grant of 6,416 restricted stock units at no cash cost, not an open-market purchase. It is an automatic annual equity award under BlackLine’s Outside Director Compensation Policy, provided as part of her director compensation package.
What is the purpose of BlackLine (BL) granting RSUs to outside directors?
According to the filing, the RSUs are granted under BlackLine’s Outside Director Compensation Policy as an automatic annual award. Such equity grants are typically used to align directors’ interests with stockholders by providing compensation in company stock that vests over time.