PROGRESS SOFTWARE CORP /MA — Director's Dealing 2023

Jul 12, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2023-07-10

Reporting Person: Tucci Angela (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-10	Common Stock	A	3935	$57.19	Acquired	36935	Direct

Footnotes

F1: Represents deferred stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2023 equity retainer for the Reporting Person's services as a director of the Company during such period. These deferred stock units were issued in accordance with the Company's FY23 Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date the Reporting Person terminates service on the board of directors of the Company (the "Board of Directors"). The deferred stock units will vest on the date of the Company's 2024 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Board of Directors until such date.