Form 4: Bill Holdings CLO & CCO, Rajesh Aji, Reports Stock Transactions
SEC Form 4
Rajesh Aji, CLO & CCO of Bill Holdings, reports the vesting and subsequent tax withholding of shares related to Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Summary
- Rajesh Aji, the Chief Legal Officer & Chief Compliance Officer of BILL Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On August 28, 2024, Aji vested shares from RSUs and PSUs.
- A total of 3,870 shares were vested from various RSU and PSU grants.
- 1,384 shares were withheld to cover tax obligations at a price of $52.31 per share.
- Following these transactions, Aji directly owns 10,298 shares of common stock.
- Aji also holds derivative securities including 2,229 RSUs from the August 28, 2021 grant, 14,290 RSUs from the August 28, 2022 grant, 8,841 RSUs from the November 28, 2023 grant, and 3,157 PSUs.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Positives
- The vesting of RSUs and PSUs indicates that Aji has met certain performance or service requirements.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing is specific to the individual and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions reported in this filing have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's overall financial position.
Key Dates
| Date | Description |
|---|---|
| 08/28/2021 | Beginning of vesting for 16 equal quarterly installments of RSUs. |
| 08/28/2022 | Beginning of vesting for 16 equal quarterly installments of RSUs. |
| 08/28/2023 | 1/3rd of PSUs vest. |
| 11/28/2023 | Beginning of vesting for 16 equal quarterly installments of RSUs. |
| 08/28/2024 | Date of transactions reported in the Form 4, including vesting of RSUs and PSUs and tax withholding. |
| 08/29/2024 | Date of signature on the Form 4 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.