AI assistant
BLACKBAUD INC — Director's Dealing 2025
Feb 25, 2025
31361_dirs_2025-02-25_bd9af601-3bca-4f5d-895a-d95f623a8207.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BLACKBAUD INC (BLKB)
CIK: 0001280058
Period of Report: 2025-02-21
Reporting Person: Olson Jon W (SVP and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-21 | Common Stock | A | 4210 | — | Acquired | 37980 | Direct |
| 2025-02-21 | Common Stock | A | 1448 | — | Acquired | 39428 | Direct |
| 2025-02-22 | Common Stock | A | 2490 | — | Acquired | 41918 | Direct |
| 2025-02-24 | Common Stock | F | 429 | $68.24 | Disposed | 41489 | Direct |
| 2025-02-24 | Common Stock | F | 443 | $68.24 | Disposed | 41046 | Direct |
| 2025-02-24 | Common Stock | F | 1086 | $68.24 | Disposed | 39960 | Direct |
| 2025-02-24 | Common Stock | F | 939 | $68.24 | Disposed | 39021 | Direct |
| 2025-02-24 | Common Stock | S | 3700 | $68.5102 | Disposed | 35321 | Direct |
Footnotes
F1: The Compensation Committee determined that performance restricted stock units ("PRSUs") granted on February 21, 2024 would vest in three equal annual installments beginning on February 21, 2025, based on the Issuer achieving performance goals for the period ended December 31, 2024.
F2: The Compensation Committee determined that a portion of PRSUs granted on February 21, 2024 would vest in full on February 21, 2025 based on the Issuer achieving performance goals for the period ended December 31, 2024, subject to continued employment. The remaining PRSUs granted in 2024 will vest dependent on the achievement of performance goals for the periods ended December 31, 2025 and 2026, subject to continued employment.
F3: Represents PRSUs granted on February 22, 2024 that vested in full on February 22, 2025.
F4: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 21, 2024.
F5: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 22, 2024.
F6: Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 21, 2024.
F7: This transaction was executed in multiple trades at prices ranging from $68.50 to $68.61. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.