Form 4: BILL Holdings CEO Rene Lacerte Reports Stock Transactions
SEC Form 4
Rene Lacerte, CEO of BILL Holdings, reports multiple transactions involving common stock and derivative securities, including the vesting and tax withholding of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Summary
- Rene A. Lacerte, CEO of BILL Holdings, filed a Form 4 detailing changes in beneficial ownership of the company's securities.
- The reported transactions occurred on August 28, 2024, and involve common stock, Restricted Stock Units (RSUs), and Performance Stock Units (PSUs).
- Lacerte acquired shares through the vesting of RSUs and PSUs, and a portion of shares were withheld to cover tax obligations.
- The filing also indicates Lacerte's indirect ownership through various trusts and a foundation.
- Following the reported transactions, Lacerte directly owns 6,986 shares of common stock and indirectly owns a significant number of shares through trusts and a foundation.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to executive compensation and tax obligations, without indicating any positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal as these are routine transactions.
Key Dates
| Date | Description |
|---|---|
| February 15, 2004 | Date of Chung Lacerte Trust U/A and Makahakama Trust U/A |
| August 28, 2021 | Beginning of vesting for 2,785 RSUs |
| August 28, 2022 | Beginning of vesting for 5,359 RSUs |
| August 28, 2023 | 1/3rd vesting of PSUs |
| November 28, 2023 | Beginning of vesting for 3,658 RSUs |
| August 27, 2024 | Date shares of the Issuer's Common Stock that the Reporting Person retitled |
| August 28, 2024 | Date of reported transactions |
| August 29, 2024 | Date of filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.