David J. Benjamin - Feb 13, 2023 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Role
EVP, Chief Commercial Officer
Signature
/s/ S. Halle Vakani, Attorney-in-Fact
Stock symbol
BLKB
Transactions as of
Feb 13, 2023
Transactions value $
-$663,824
Form type
4
Date filed
2/15/2023, 06:22 PM
Previous filing
Jan 4, 2023
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Tax liability -$109K -1.79K -2.84% $61.12 61.3K Feb 13, 2023 Direct F1
transaction BLKB Common Stock Tax liability -$90K -1.47K -2.4% $61.12 59.8K Feb 13, 2023 Direct F2
transaction BLKB Common Stock Tax liability -$142K -2.33K -3.9% $61.12 57.5K Feb 13, 2023 Direct F3
transaction BLKB Common Stock Tax liability -$156K -2.55K -4.44% $61.12 54.9K Feb 13, 2023 Direct F4
transaction BLKB Common Stock Tax liability -$90.5K -1.48K -2.69% $61.12 53.5K Feb 13, 2023 Direct F5
transaction BLKB Common Stock Tax liability -$75.4K -1.23K -2.31% $61.12 52.2K Feb 13, 2023 Direct F5
transaction BLKB Common Stock Award $0 +20.4K +39.11% $0.00 72.7K Feb 13, 2023 Direct F6
transaction BLKB Common Stock Award $0 +2.62K +3.61% $0.00 75.3K Feb 13, 2023 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2019.
F2 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 12, 2020.
F3 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of performance restricted stock units ("PRSUs") granted February 12, 2020.
F4 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 10, 2021.
F5 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 10, 2021.
F6 Represents a restricted stock award which vests in three equal annual installments beginning on February 13, 2024, subject to continued employment.
F7 The Compensation Committee determined that a portion of PRSUs granted on February 10, 2021 would vest in full on February 13, 2023 based on the Issuer achieving performance goals for the period ended December 31, 2022, subject to continued employment. The remaining PRSUs granted in 2021 will vest dependent on the achievement of performance goals for the period ended December 31, 2023, subject to continued employment.