Form 4: Bill Holdings CFO John R. Rettig Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CFO of Bill Holdings, John R. Rettig, reports transactions involving common stock and restricted/performance stock units.
Summary
- John R. Rettig, CFO of Bill Holdings, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The reported transactions occurred on August 28, 2024, and involve the vesting and exercise of restricted stock units (RSUs) and performance stock units (PSUs).
- These transactions resulted in the acquisition of common stock and adjustments to Rettig's holdings of derivative securities.
- Rettig directly owns 60,864 shares of common stock and indirectly owns 80,474 shares through the Rettig Living Trust.
- The transactions also involved the withholding of 6,131 shares to cover tax obligations related to the vesting of RSUs and PSUs at a price of $52.31.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating neutral sentiment. It reflects routine transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the CFO's holdings.
- Employees may be interested in the vesting schedules of RSUs and PSUs as part of their compensation packages.
Key Dates
| Date | Description |
|---|---|
| 12/02/2020 | Date of the Rettig Living Trust U/A DTD. |
| 08/28/2021 | First vesting date for 1,114 RSUs. |
| 02/28/2022 | First vesting date for 2,188 RSUs. |
| 08/28/2022 | First vesting date for 4,287 RSUs. |
| 08/28/2023 | 1/3rd of PSUs vest. |
| 11/28/2023 | First vesting date for 2,612 RSUs. |
| 08/28/2024 | Date of reported transactions (vesting of RSUs and PSUs). |
| 08/29/2024 | Date of signature on the Form 4 filing. |
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