Form 4: BlackLine CFO Mark Partin Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
BlackLine's CFO, Mark Partin, disposed of 4,163 shares of common stock on May 20, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 20, 2024, Mark Partin, the Chief Financial Officer of BlackLine, Inc., disposed of 4,163 shares of common stock.
- The transaction was executed to cover the reporting person's tax liability in connection with the vesting of restricted stock units (RSUs).
- The shares were disposed of at a price of $57.88 per share.
- Following the transaction, Partin directly owns 229,341 shares of BlackLine common stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to stock transactions by a company executive to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of transaction: Mark Partin disposed of shares. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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