Form 4: BlackLine Executive Mark Woodhams Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Chief Revenue Officer Mark Woodhams of BlackLine, Inc. reports disposing of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- Mark Woodhams, Chief Revenue Officer of BlackLine, Inc., filed a Form 4 with the SEC.
- The form reports a transaction on May 20, 2024, where 2,205 shares of common stock were disposed of to cover tax liabilities.
- The shares were withheld at a price of $57.88 per share.
- Following the transaction, Woodhams beneficially owns 102,477 shares of BlackLine, Inc.
- The transaction was related to the vesting of restricted stock units (RSUs).
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither particularly positive nor negative. It reflects standard compensation practices.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the stock disposal transaction. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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