John R. Egan - 30 Jun 2022 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Jul 2022, 16:49:24 UTC
Prior SEC filing
21 Jun 2022
Next SEC filing
29 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Anthony Folger, Attorney-in-Fact

Key filing fact

John R. Egan filed Form 4 for PROGRESS SOFTWARE CORP /MA (PRGS) on 05 Jul 2022.

Key facts

  • This page summarizes John R. Egan's Form 4 filing for PROGRESS SOFTWARE CORP /MA (PRGS).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 05 Jul 2022, 16:49.

Change

  • Previous filing in this sequence was filed on 21 Jun 2022.
  • Current net transaction value: +$225,005.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PRGS transaction

Common Stock

Award

Transaction value
$225,005
Shares
+4,967
Change %
+15%
Price
$45.30
Shares after
39,058
Date
30 Jun 2022
Ownership
Direct
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

Represents deferred stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2022 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 FY22 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 2023 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Board of Directors until such date.

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