Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PRGS | Common Stock | Options Exercise | $0 | +11.8K | +34.38% | $0.00 | 46.2K | Feb 1, 2023 | Direct | F1, F2 |
transaction | PRGS | Common Stock | Tax liability | -$283K | -5.24K | -11.35% | $53.94 | 41K | Feb 1, 2023 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | PRGS | Restricted Stock Units | Options Exercise | $0 | -11.8K | -100% | $0.00* | 0 | Feb 1, 2023 | Common Stock | 11.8K | Direct | F1, F2 |
Id | Content |
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F1 | On January 21, 2020, the Reporting Person was granted 7,422 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, 2022, the amount shown is the amount of performance-based restricted stock units that vested under the 2019 Long Term Incentive Plan on February 1, 2023. |
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 21, 2020. |