JOHN R. EGAN - 27 Jun 2024 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role: Director
Signature: YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol: PRGS
Transactions as of: 27 Jun 2024
Transactions value $: $225,042
Form type: 4
Filing time: 01 Jul 2024, 16:14:00 UTC
Previous filing: 24 Apr 2024
Next filing: 16 Sep 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRGS	Common Stock	Award	$225K	+4.15K	+9.65%	$54.24	47.1K	27 Jun 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2024 equity retainer for the Reporting Person's services as a director of the Company during such period. These restricted stock units were issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable upon vest on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date of the Company's 2025 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the board of directors of the Company until such date.

Content

Represents restricted stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2024 equity retainer for the Reporting Person's services as a director of the Company during such period. These restricted stock units were issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable upon vest on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date of the Company's 2025 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the board of directors of the Company until such date.