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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2025
Apr 3, 2025
31754_dirs_2025-04-03_76ad7728-391b-4de3-ae57-8ea3e5c01c78.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: 2025-04-01
Reporting Person: Pitt Ian (Chief Information Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-01 | Common Stock | M | 675 | — | Acquired | 8288 | Direct |
| 2025-04-01 | Common Stock | F | 205 | $56.16 | Disposed | 8083 | Direct |
| 2025-04-01 | Common Stock | M | 681 | — | Acquired | 8764 | Direct |
| 2025-04-01 | Common Stock | F | 207 | $56.16 | Disposed | 8557 | Direct |
| 2025-04-01 | Common Stock | M | 666 | — | Acquired | 9223 | Direct |
| 2025-04-01 | Common Stock | F | 203 | $56.16 | Disposed | 9020 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-01 | Restricted Stock Units | $ | M | 675 | Disposed | Common Stock (675) | Direct | |
| 2025-04-01 | Restricted Stock Units | $ | M | 681 | Disposed | Common Stock (681) | Direct | |
| 2025-04-01 | Restricted Stock Units | $ | M | 666 | Disposed | Common Stock (666) | 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 20, 2022.
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 19, 2023.
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 18, 2024.
F5: On January 20, 2022, the Reporting Person was granted 4,046 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.
F6: On January 19, 2023, the Reporting Person was granted 4,085 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.
F7: On January 18, 2024, the Reporting Person was granted 3,995 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, 2024, subject to the continued employment of the Reporting Person with the Company.