Form 4: BILL Holdings CLO & CCO, Rajesh Aji, Reports Stock Transactions
SEC Form 4 Filing
Rajesh Aji, CLO & CCO of BILL Holdings, reports the vesting and subsequent withholding of shares to cover tax obligations related to Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
Summary
- Rajesh Aji, the CLO & CCO of BILL Holdings, filed a Form 4 detailing changes in beneficial ownership.
- On May 28, 2024, Aji vested and acquired shares through the vesting of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- A total of 4,797 shares of common stock were acquired through these vesting events.
- 1,717 shares were withheld to satisfy tax obligations at a price of $51.9 per share.
- Following these transactions, Aji directly owns 11,742 shares of common stock.
- Aji also holds derivative securities including 2,786 RSUs vesting from August 28, 2021, 16,077 RSUs vesting from August 28, 2022, 9,578 RSUs vesting from November 28, 2023, and 3,946 PSUs vesting from August 28, 2023.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| August 28, 2020 | Start date for vesting of some RSUs in 16 equal quarterly installments. |
| August 28, 2021 | Start date for vesting of some RSUs in 16 equal quarterly installments. |
| August 28, 2022 | Start date for vesting of some RSUs in 16 equal quarterly installments. |
| August 28, 2023 | 1/3rd of PSUs vest, and the remaining 2/3rd will vest quarterly over two years. |
| November 28, 2023 | Start date for vesting of some RSUs in 16 equal quarterly installments. |
| May 28, 2024 | Date of the reported transactions involving vesting of RSUs and PSUs. |
| May 30, 2024 | Date of signature on the Form 4 filing. |
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