4/A: BlackLine Co-CEO Therese Tucker Reports Changes in Beneficial Ownership

Therese Tucker, Co-CEO of BlackLine, Inc., filed an amendment to a previous Form 4, detailing changes in her beneficial ownership of company stock due to vesting of restricted stock units and performance-based restricted stock units.

Summary

• Therese Tucker, Co-CEO of BlackLine, Inc., filed an amended Form 4 with the SEC on March 20, 2024, to report changes in her beneficial ownership of BlackLine common stock.
• The changes stem from transactions on February 20, 2024, involving the vesting of restricted stock units (RSUs) and performance-based restricted stock units (PRSUs).
• 28,118 shares were withheld to cover tax liabilities related to RSU vesting at a price of $57.45 per share.
• 10,481 shares were acquired due to the vesting of a portion of a PRSU granted on April 4, 2022, based on the company's achievement of fiscal 2022 performance targets.
• An additional 3,839 shares were withheld to cover tax liabilities related to PRSU vesting at a price of $57.45 per share.
• Following these transactions, Tucker directly owns 235,689 shares of BlackLine common stock.
• Tucker also has indirect ownership through various trusts, including the Brian & Therese Tucker Living Trust (1,509,881 shares), Brian & Therese Tucker Charitable Remainder Trust (100,178 shares), Tucker Family CLAT (100,178 shares), Tucker Legacy Trust (874,128 shares), Tucker Legacy Trust II (129,897 shares), Isaac Tucker 2012 Irrevocable Trust (577,200 shares), Roseanna Tucker 2012 Irrevocable Trust (577,200 shares), Tucker Seimetz Safety Net Trust (250,916 shares), and Claire Seimetz 2015 Trust (54,074 shares).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard executive compensation practices and doesn't indicate any significant positive or negative developments.

Positives

• The vesting of PRSUs indicates that the company achieved certain fiscal 2022 performance targets set by the Compensation Committee.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is an amendment, suggesting a correction or update to a previously reported transaction.

Stakeholder Impact

• The vesting of performance-based restricted stock units (PRSUs) suggests that the company has met certain performance targets, which could be viewed positively by shareholders.

Key Dates