Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | BILL | Restricted Stock Units | Oct 11, 2024 | Common Stock | 119K | Direct | F1, F2 | |||||||
holding | BILL | Performance Stock Units | Oct 11, 2024 | Common Stock | 49.7K | Direct | F3, F4 | |||||||
holding | BILL | Performance Stock Units | Oct 11, 2024 | Common Stock | 29.8K | Direct | F4, F5 |
Id | Content |
---|---|
F1 | The Restricted Stock Units ("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. |
F2 | Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. |
F3 | The Performance Stock Units ("PSUs") may vest depending on the achievement of certain revenue and profitability targets of the Issuer over the one-year period beginning July 1, 2024 and ending June 30, 2025, subject to the Reporting Person's continued service to the Issuer. Once earned, the PSUs will vest over three years, with 1/3rd vesting on the first quarterly vesting date following the certification by the Issuer's Board of the achievement level, and the remaining 2/3rds vesting quarterly thereafter over the following two years. |
F4 | Each PSU represents a conditional right to receive one share of the Issuer's Common Stock. |
F5 | The PSUs may vest depending on the Issuer's total shareholder return over a three-year period beginning July 1, 2024 and ending June 30, 2027, relative to companies that comprise the Russell 3000 Index, subject to the Reporting Person's continued service to the Issuer. Once earned, the PSUs will vest in full at the end of the three-year performance period. |
EVP, GM of Payments and Financial Services