Bowman Mary Kay 4
4 · BILL Holdings, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
BILL EVP Mary Kay Bowman Converts RSUs/PSUs; 5,063 Shares Withheld
What Happened
Mary Kay Bowman, EVP — Payments and Financial Services at BILL Holdings (BILL), had RSUs/PSUs convert into 18,935 shares on February 28, 2026. To satisfy tax withholding obligations, 5,063 of those shares were withheld at $44.19 per share, generating $223,734. The remaining 13,872 shares were issued to Bowman (the filing shows conversion entries and corresponding derivative disposals at $0, consistent with issuance from vested awards).
Key Details
- Transaction date: February 28, 2026; Form 4 filed March 3, 2026.
- Converted/issued: 18,935 shares (14,788 + 4,147 per filing line items).
- Shares withheld for taxes: 5,063 @ $44.19 = $223,734 (recorded as payment of tax liability).
- Other disposals in the filing (7,451; 4,147; 7,337) reflect conversion/derivative reporting related to RSUs/PSUs.
- Shares owned after transaction: not disclosed in the filing.
- Footnotes: RSUs and PSUs represent contingent/conditional rights to receive one share each; withholding was used to satisfy tax obligations; vesting schedules are detailed in the filing (see F4–F6).
Context
- This was not an open-market sale; the $223,734 reflects shares withheld to cover taxes on vested awards, a routine administrative step following vesting.
- The filing reports derivative exercises/conversions (code M) and tax withholding (code F). These transactions are award-related rather than discretionary purchases or sales indicating market sentiment.
Insider Transaction Report
Form 4
Bowman Mary Kay
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-28+14,788→ 56,716 total - Exercise/Conversion
Common Stock
[F2]2026-02-28+4,147→ 60,863 total - Tax Payment
Common Stock
[F3]2026-02-28$44.19/sh−5,063$223,734→ 55,800 total - Exercise/Conversion
Restricted Stock Unit
[F1][F4]2026-02-28−7,451→ 74,508 total→ Common Stock (7,451 underlying) - Exercise/Conversion
Performance Stock Units
[F2][F5]2026-02-28−4,147→ 24,884 total→ Common Stock (4,147 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-02-28−7,337→ 14,673 total→ Common Stock (7,337 underlying)
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F2]Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock.
- [F3]Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs and PSUs.
- [F4]The RSUs vest as to 1/4th of the total shares on August 28, 2025, and thereafter 1/16th of the total shares vest quarterly over three years, subject to the continued service of the Reporting Person on each vesting date.
- [F5]The PSUs vest over three years; 1/3rd vests on August 28, 2025, and thereafter the remaining 2/3rd will vest quarterly over two years, subject to the continuing service of the Reporting Person on each vesting date.
- [F6]The RSUs vest in 4 equal quarterly installments over one year, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
Signature
/s/ Michael Dunn, Attorney-in-Fact|2026-03-03