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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2024
Apr 3, 2024
31754_dirs_2024-04-03_3e929c52-3062-4b82-adb8-0fad92275bb8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2024-04-01
Reporting Person: Subramanian Sundar (EVP/GM Infrastructure Mgmt)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-01 | Common Stock | M | 939 | — | Acquired | 16338 | Direct |
| 2024-04-01 | Common Stock | F | 417 | $52.97 | Disposed | 15921 | Direct |
| 2024-04-01 | Common Stock | M | 1124 | — | Acquired | 17045 | Direct |
| 2024-04-01 | Common Stock | F | 499 | $52.97 | Disposed | 16546 | Direct |
| 2024-04-01 | Common Stock | M | 1167 | — | Acquired | 17713 | Direct |
| 2024-04-01 | Common Stock | F | 518 | $52.97 | Disposed | 17195 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-01 | Restricted Stock Units | $ | M | 939 | Disposed | Common Stock (939) | Direct | |
| 2024-04-01 | Restricted Stock Units | $ | M | 1124 | Disposed | Common Stock (1124) | Direct | |
| 2024-04-01 | Restricted Stock Units | $ | M | 1167 | Disposed | Common Stock (1167) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: Represents shares of common stock withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2021.
F3: Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 20, 2022.
F4: Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2023.
F5: On January 19, 2021, the Reporting Person was granted 5,634 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2021, subject to the continued employment of the Reporting Person with the Company.
F6: On January 20, 2022, the Reporting Person was granted 6,744 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2022, subject to the continued employment of the Reporting Person with the Company.
F7: On January 19, 2023, the Reporting Person was granted 7,003 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2023, subject to the continued employment of the Reporting Person with the Company.