Form 4: BlackLine Co-CEO Therese Tucker Reports Stock Transactions
SEC Form 4 Filing
Therese Tucker, Co-CEO of BlackLine, Inc., reports the vesting of performance-based restricted stock units and subsequent tax withholding.
Summary
- On February 20, 2025, BlackLine Co-CEO Therese Tucker reported transactions involving BlackLine common stock.
- 18,937 shares were acquired upon the vesting of performance-based restricted stock units (PRSUs) at a price of $49.32.
- 17,176 shares were disposed of to cover the reporting person's tax liability related to the vesting of PRSUs and restricted stock units at a price of $49.32.
- Following these transactions, Ms. Tucker directly owns 287,569 shares of BlackLine common stock.
- Ms. Tucker also has indirect ownership through various trusts, including the Brian & Therese Tucker Charitable Remainder Trust (100,178 shares), the Brian & Therese Tucker Living Trust (1,509,881 shares), and others.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. The vesting of PRSUs suggests the achievement of performance targets, which is mildly positive.
Positives
- The vesting of performance-based restricted stock units indicates that the company achieved certain fiscal 2024 performance targets set by the Compensation Committee.
Negatives
- The disposal of shares to cover tax liabilities reduces the number of shares directly held by the Co-CEO.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, buy or sell company stock; this provides transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
- The vesting of PRSUs may be viewed positively by employees as it reflects the achievement of company performance goals.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Date of grant for the performance-based restricted stock unit (PRSU). |
| 02/20/2025 | Date of the reported transactions: vesting of PRSUs and tax withholding. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
BlackLine, Therese Tucker, Co-CEO, Form 4, Stock, Performance-based Restricted Stock Units, PRSU, Vesting, Tax Liability, Beneficial Ownership
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