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BLACKBAUD INC — Director's Dealing 2024
Feb 16, 2024
31361_dirs_2024-02-16_51d688e8-15ce-451c-9f4a-ffabfff886a1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2024-02-13
Reporting Person: Gianoni Michael P (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-13 | Common Stock | A | 32062 | — | Acquired | 381641 | Direct |
| 2024-02-13 | Common Stock | A | 13052 | — | Acquired | 394693 | Direct |
| 2024-02-14 | Common Stock | F | 9990 | $70.38 | Disposed | 384703 | Direct |
| 2024-02-14 | Common Stock | F | 4901 | $70.38 | Disposed | 379802 | Direct |
| 2024-02-14 | Common Stock | F | 5985 | $70.38 | Disposed | 373817 | Direct |
| 2024-02-14 | Common Stock | A | 15959 | — | Acquired | 389776 | Direct |
| 2024-02-15 | Common Stock | F | 7318 | $71.61 | Disposed | 382458 | Direct |
Footnotes
F1: The Compensation Committee determined that performance restricted stock units ("PRSUs") granted on February 13, 2023 would vest in three equal annual installments beginning on February 13, 2024, based on the Issuer achieving performance goals for the period ended December 31, 2023.
F2: The Compensation Committee determined that a portion of PRSUs granted on February 13, 2023 would vest in full on February 13, 2024 based on the Issuer achieving performance goals for the period ended December 31, 2023, subject to continued employment. The remaining PRSUs granted in 2023 will vest dependent on the achievement of performance goals for the periods ended December 31, 2024 and 2025, subject to continued employment.
F3: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 13, 2023.
F4: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 13, 2023.
F5: Represents PRSUs granted on February 14, 2023 that vested in full on February 14, 2024.
F6: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 14, 2023.