BLACKBAUD INC — Director's Dealing 2023

Aug 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2023-08-05

Reporting Person: Gregoire Kevin P. (EVP, Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-05	Common Stock	A	6932	$0.00	Acquired	122156	Direct
2023-08-05	Common Stock	A	2153	$0.00	Acquired	124309	Direct
2023-08-05	Common Stock	F	1060	$73.55	Disposed	123249	Direct
2023-08-05	Common Stock	F	988	$73.55	Disposed	122261	Direct
2023-08-05	Common Stock	F	1982	$73.55	Disposed	120279	Direct

Footnotes

F1: The Compensation Committee determined that performance restricted stock units ("PRSUs") granted on August 5, 2022 would vest in three equal annual installments beginning on August 5, 2023, based on the Issuer achieving performance goals for the period ended December 31, 2022.

F2: The Compensation Committee determined that a portion of PRSUs granted on August 5, 2022 would vest in full on August 5, 2023 based on the Issuer achieving performance goals for the period ended December 31, 2022, subject to continued employment. The remaining PRSUs granted on August 5, 2022 will vest dependent on the achievement of performance goals for the periods ended December 31, 2023 and December 31, 2024, subject to continued employment.

F3: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted August 5, 2022.

F4: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted August 5, 2022.