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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2024
Feb 2, 2024
31754_dirs_2024-02-02_98c14958-130c-4380-b2a2-11901dbf05e8.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: 2024-02-01
Reporting Person: Jarrett Loren (EVP/GM Digital Experience)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-01 | Common Stock | M | 17489 | — | Acquired | 29116 | Direct |
| 2024-02-01 | Common Stock | F | 7415 | $57.14 | Disposed | 21701 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-01 | Restricted Stock Units | $ | M | 17489 | Disposed | Common Stock (17489) | Direct |
Footnotes
F1: On January 19, 2021, the Reporting Person was granted 9,390 performance-based restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and 2019 Long Term Incentive Plan. Based on the Company meeting relative total shareholder return and cumulative operating income criteria over the three-year period ending November 30, 2023, the amount shown is the amount of performance-based restricted stock units that vested under the 2019 Long Term Incentive Plan on February 1, 2024.
F2: Restricted stock units convert into common stock on a one-for-one basis.
F3: Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 19, 2021.