Duncan Storm 4
Research Summary
AI-generated summary
BlackLine (BL) Director Duncan Storm Receives RSU Award
What Happened
- Duncan Storm, a director of BlackLine, Inc. (BL), was granted 6,416 restricted stock units (RSUs) on May 7, 2026. The filing reports an acquisition price of $0 for the award (transaction code A).
- This was an automatic annual RSU award under BlackLine's Outside Director Compensation Policy and is a grant of future shares rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-07; Report filed: 2026-05-08 (timely).
- Amount awarded: 6,416 RSUs; reported acquisition price: $0.00.
- Shares owned after the transaction: Not reported in the provided summary of this filing.
- Footnotes: F1—award reflects the automatic annual RSU under the Outside Director Compensation Policy. F2—these RSUs vest in full upon the earlier of (a) the one‑year anniversary of the award or (b) the day prior to the issuer’s next annual meeting, in each case subject to continued board service through the vesting date.
- Filing status: Timely (no late filing indicated).
Context
- RSUs are a form of equity compensation that convert to shares upon vesting; they do not represent an immediate purchase or sale of stock. Such routine director awards are common and do not by themselves indicate insider sentiment about the company’s near‑term prospects.