Villanova Patrick 4
Research Summary
AI-generated summary
BlackLine CFO Patrick Villanova Receives 62,930 RSUs
What Happened
- Patrick Villanova, Chief Financial Officer of BlackLine, Inc. (BL), was granted 62,930 restricted stock units (RSUs) on April 1, 2026. The award was granted with a $0 purchase price (code A — award/grant), so no cash changed hands. This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-01; Filing date: 2026-04-03 (appears timely).
- Grant: 62,930 RSUs at $0.00 per share (award).
- Shares owned after transaction: not specified in the filing.
- Footnote: 25% of the RSUs vest on the one-year anniversary of the RSU Vesting Commencement Date (Feb 20, 2026 → first vesting on Feb 20, 2027); thereafter 1/16th of the original RSUs vest every three months on the same day of the month, subject to continued service through each vesting date.
- Transaction code: A = Award/Grant.
Context
- RSUs are a form of equity compensation that convert into actual shares as they vest; they typically do not indicate an immediate market purchase or sale and are taxable events when they vest (subject to company withholding rules). This filing reflects executive compensation rather than a discretionary buy/sell decision.