Form 4: BILL Holdings Director Keri Gohman Acquires Restricted Stock Units

Director Keri Gohman of BILL Holdings, Inc. was granted 4,593 restricted stock units on January 15, 2025, which will vest over three years.

Summary

• Keri Gohman, a director at BILL Holdings, Inc., received 4,593 restricted stock units (RSUs) on January 15, 2025.
• These RSUs represent a contingent right to receive one share of BILL Holdings' common stock per unit.
• The RSUs will vest in three equal annual installments, with 1/3 vesting on January 15, 2026, another 1/3 on January 15, 2027, and the final 1/3 on January 15, 2028.
• Vesting is contingent upon Ms. Gohman's continued service with the company on each vesting date.

Sentiment

Score: 7

Explanation: The document reflects a standard equity grant to a director, which is generally viewed positively as it aligns interests. There are no negative implications or surprises.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Risks

• The vesting of the RSUs is contingent on the director's continued service, which introduces a risk of forfeiture if she leaves the company before all units vest.

Industry Context

This type of equity compensation is common practice for directors and executives in publicly traded companies to align their interests with shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Granting restricted stock units to directors is a standard practice in the technology industry, similar to companies like PayPal, Square, and other fintech firms.
• The three-year vesting schedule is also typical, aligning with long-term strategic goals and retention strategies.

Stakeholder Impact

• The grant of RSUs to a director can be seen positively by shareholders as it aligns the director's interests with the company's long-term success.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Restricted Stock Units, RSU, Director, Stock Grant, Vesting, Equity Compensation, BILL Holdings