Form 4: BILL Holdings CCO Loren Padelford Reports Stock Transactions
SEC Form 4 Filing
CCO Loren Padelford of BILL Holdings, Inc. reports the vesting and subsequent sale of restricted stock units and performance stock units.
Summary
- On February 28, 2024, Loren Padelford, the Chief Customer Officer (CCO) of BILL Holdings, Inc., reported transactions involving the company's common stock.
- These transactions included the vesting of 2,843 Restricted Stock Units (RSUs), 1,129 RSUs, and 1,255 Performance Stock Units (PSUs).
- Padelford also disposed of 2,476 shares to cover tax withholding obligations related to the vesting of the RSUs and PSUs at a price of $63.76 per share.
- Following these transactions, Padelford directly owns 13,324 shares of common stock.
- Padelford also holds 31,274 RSUs, 15,802 RSUs, and 7,535 PSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and has a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transactions (vesting of RSUs and PSUs, and disposal of shares for tax withholding). |
| 03/01/2024 | Date of signature by Attorney-in-Fact. |
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