Form 4: Bill Holdings CFO John R. Rettig Reports Stock Transactions
SEC Form 4
CFO of Bill Holdings, John R. Rettig, reports the vesting and subsequent transactions of restricted stock units and performance stock units.
Summary
- On February 28, 2025, John R. Rettig, CFO of BILL Holdings, Inc., reported transactions involving common stock, restricted stock units (RSUs), and performance stock units (PSUs).
- These transactions included the vesting of 17,325 RSUs and 1,894 PSUs.
- Rettig also disposed of 7,138 shares to cover tax obligations related to the vesting of RSUs and PSUs at a price of $55.2 per share.
- Following these transactions, Rettig directly owns 82,418 shares of common stock and indirectly owns 80,474 shares through the Rettig Living Trust.
- He also holds derivative securities including 2,229 RSUs vesting from November 2021, 6,562 RSUs vesting from February 2022, 25,723 RSUs vesting from November 2022, 26,127 RSUs vesting from November 2023, 99,715 RSUs vesting from November 2024, and 3,788 PSUs vesting from August 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in corporate governance to ensure transparency and prevent potential conflicts of interest.
- Companies like Block (SQ), PayPal (PYPL), and Adyen (ADYEN) also have executives who regularly file Form 4s, reflecting similar transactions related to stock options and equity grants.
- The vesting schedules and terms of equity compensation are generally aligned with industry standards to incentivize long-term performance and retention.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees holding similar equity grants may be interested in the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 12/02/2020 | Date of Rettig Living Trust U/A DTD |
| 11/28/2021 | Beginning date for vesting of 1,114 RSUs in 16 equal quarterly installments |
| 02/28/2022 | Beginning date for vesting of 2,188 RSUs in 16 equal quarterly installments |
| 11/28/2022 | Beginning date for vesting of 4,287 RSUs in 16 equal quarterly installments |
| 08/28/2023 | Date when 1/3rd of 1,894 PSUs vest |
| 11/28/2023 | Beginning date for vesting of 2,613 RSUs in 16 equal quarterly installments |
| 11/28/2024 | Beginning date for vesting of 7,123 RSUs in 16 equal quarterly installments |
| 02/28/2025 | Date of reported transactions including vesting of RSUs and PSUs, and tax-related share disposals |
| 03/04/2025 | Date of filing of the Form 4 |
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