4/A: BlackLine CFO Mark Partin Reports Stock Transactions
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
CFO of BlackLine, Mark Partin, reports the acquisition and disposal of common stock related to vesting of restricted stock units and performance-based restricted stock units.
Summary
- On February 20, 2024, Mark Partin, the CFO of BlackLine, Inc., reported transactions involving the company's common stock.
- 6,513 shares were disposed of to cover tax liabilities related to the vesting of restricted stock units (RSUs) at a price of $57.45 per share.
- 10,132 shares were acquired related to the vesting of a portion of performance-based restricted stock units (PRSUs) granted on April 4, 2022, based on the company's achievement of certain fiscal 2022 performance targets.
- 3,721 shares were disposed of to cover tax liabilities related to the vesting of PRSUs at a price of $57.45 per share.
- Following these transactions, Partin directly owns 190,404 shares of BlackLine common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation. The vesting of PRSUs suggests the company met certain performance targets, which is mildly positive.
Positives
- The vesting of PRSUs indicates that BlackLine achieved certain fiscal 2022 performance targets set by the Compensation Committee.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/04/2022 | Date of grant for the Performance-Based Restricted Stock Unit (PRSU). |
| 02/20/2024 | Date of the reported transactions (acquisition and disposal of shares). |
| 02/22/2024 | Date of original filing (amended by this filing). |
| 03/20/2024 | Date of signature on the report. |
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