diff --git a/src/components/base/form/form_input/form_input.documentation.js b/src/components/base/form/form_input/form_input.documentation.js
index 8c7e6babafd7858a164e15423ebe6a16adadd42e..e4d634e7b83cb757e6d02d04a37eddbdfeb5b977 100644
--- a/src/components/base/form/form_input/form_input.documentation.js
+++ b/src/components/base/form/form_input/form_input.documentation.js
@@ -12,4 +12,26 @@ export default {
       enum: 'formInputSizes',
     },
   },
+  events: [
+    {
+      event: 'input',
+      args: [
+        {
+          arg: 'value',
+          description: '(String)',
+        },
+      ],
+      description: 'Emitted to update the v-model',
+    },
+    {
+      event: 'update',
+      args: [
+        {
+          arg: 'value',
+          description: '(String)',
+        },
+      ],
+      description: `Triggered by user interaction. Emitted after any formatting (not including 'trim' or 'number' props). Useful for getting the currently entered value when the 'debounce' or 'lazy' props are set.`,
+    },
+  ],
 };
diff --git a/src/components/base/form/form_textarea/form_textarea.documentation.js b/src/components/base/form/form_textarea/form_textarea.documentation.js
index 22049ea807baa44cc5ca1916d2b072e7e749c7ab..f7212e236442f8459df48e5f8ed1d7e1e5910b1d 100644
--- a/src/components/base/form/form_textarea/form_textarea.documentation.js
+++ b/src/components/base/form/form_textarea/form_textarea.documentation.js
@@ -5,4 +5,26 @@ export default {
   description,
   examples,
   bootstrapComponent: 'b-form-textarea',
+  events: [
+    {
+      event: 'input',
+      args: [
+        {
+          arg: 'value',
+          description: '(String)',
+        },
+      ],
+      description: 'Emitted to update the v-model',
+    },
+    {
+      event: 'update',
+      args: [
+        {
+          arg: 'value',
+          description: '(String)',
+        },
+      ],
+      description: `Triggered by user interaction. Emitted after any formatting (not including 'trim' or 'number' props). Useful for getting the currently entered value when the 'debounce' or 'lazy' props are set.`,
+    },
+  ],
 };
diff --git a/src/components/base/form/form_textarea/form_textarea.spec.js b/src/components/base/form/form_textarea/form_textarea.spec.js
new file mode 100644
index 0000000000000000000000000000000000000000..a23d2700aa6568c72ac0341a51a8befab57a6922
--- /dev/null
+++ b/src/components/base/form/form_textarea/form_textarea.spec.js
@@ -0,0 +1,105 @@
+import { mount } from '@vue/test-utils';
+import GlFormTextarea from './form_textarea.vue';
+
+const modelEvent = GlFormTextarea.model.event;
+const newValue = 'foo';
+
+describe('GlFormTextArea', () => {
+  let wrapper;
+
+  const createComponent = (propsData = {}) => {
+    wrapper = mount(GlFormTextarea, {
+      propsData,
+    });
+  };
+
+  afterEach(() => {
+    wrapper.destroy();
+    wrapper = null;
+  });
+
+  describe('v-model', () => {
+    describe('value binding', () => {
+      beforeEach(() => {
+        createComponent({ value: 'initial' });
+      });
+
+      it(`sets the textarea's value`, () => {
+        expect(wrapper.element.value).toBe('initial');
+      });
+
+      describe('when the value prop changes', () => {
+        beforeEach(() => {
+          wrapper.setProps({ value: newValue });
+          return wrapper.vm.$nextTick();
+        });
+
+        it(`updates the textarea's value`, () => {
+          expect(wrapper.element.value).toBe(newValue);
+        });
+      });
+    });
+
+    describe('event emission', () => {
+      beforeEach(() => {
+        createComponent();
+
+        wrapper.setValue(newValue);
+      });
+
+      it('synchronously emits update event', () => {
+        expect(wrapper.emitted('update')).toEqual([[newValue]]);
+      });
+
+      it(`synchronously emits ${modelEvent} event`, () => {
+        expect(wrapper.emitted(modelEvent)).toEqual([[newValue]]);
+      });
+    });
+  });
+
+  describe('debounce', () => {
+    describe.each([10, 100, 1000])('given a debounce of %dms', debounce => {
+      beforeEach(() => {
+        jest.useFakeTimers();
+
+        createComponent({ debounce });
+
+        wrapper.setValue(newValue);
+      });
+
+      it('synchronously emits an update event', () => {
+        expect(wrapper.emitted('update')).toEqual([[newValue]]);
+      });
+
+      it(`emits a ${modelEvent} event after the debounce delay`, () => {
+        // Just before debounce completes
+        jest.advanceTimersByTime(debounce - 1);
+        expect(wrapper.emitted(modelEvent)).toBe(undefined);
+
+        // Exactly when debounce completes
+        jest.advanceTimersByTime(1);
+        expect(wrapper.emitted(modelEvent)).toEqual([[newValue]]);
+      });
+    });
+  });
+
+  describe('lazy', () => {
+    beforeEach(() => {
+      createComponent({ lazy: true });
+
+      wrapper.setValue(newValue);
+    });
+
+    it('synchronously emits an update event', () => {
+      expect(wrapper.emitted('update')).toEqual([[newValue]]);
+    });
+
+    it.each(['change', 'blur'])('updates model after %s event', event => {
+      expect(wrapper.emitted(modelEvent)).toBe(undefined);
+
+      wrapper.trigger(event);
+
+      expect(wrapper.emitted(modelEvent)).toEqual([[newValue]]);
+    });
+  });
+});
diff --git a/src/components/base/form/form_textarea/form_textarea.vue b/src/components/base/form/form_textarea/form_textarea.vue
index 25c1f55f71664ebc32c8b1d23a0afa40bf0a614d..35c8081819cda66d13cd5cd0f0d3499267da5f4b 100644
--- a/src/components/base/form/form_textarea/form_textarea.vue
+++ b/src/components/base/form/form_textarea/form_textarea.vue
@@ -1,11 +1,17 @@
 <script>
 import { BFormTextarea } from 'bootstrap-vue';
 
+const model = {
+  prop: 'value',
+  event: 'input',
+};
+
 export default {
   components: {
     BFormTextarea,
   },
   inheritAttrs: false,
+  model,
   props: {
     // This prop is needed to map the v-model correctly
     // https://alligator.io/vuejs/add-v-model-support/
@@ -20,6 +26,21 @@ export default {
       default: true,
     },
   },
+  computed: {
+    listeners() {
+      return {
+        ...this.$listeners,
+        // Swap purpose of input and update events from underlying BFormTextarea.
+        // See https://gitlab.com/gitlab-org/gitlab-ui/-/issues/631.
+        input: (...args) => {
+          this.$emit('update', ...args);
+        },
+        update: (...args) => {
+          this.$emit(model.event, ...args);
+        },
+      };
+    },
+  },
 };
 </script>
 
@@ -29,6 +50,6 @@ export default {
     :no-resize="noResize"
     v-bind="$attrs"
     :value="value"
-    v-on="$listeners"
+    v-on="listeners"
   />
 </template>