David J. Benjamin - Feb 24, 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 24, 2023
Transactions value $
-$410,966
Form type
4
Date filed
3/1/2023, 07:41 PM
Previous filing
Feb 15, 2023
Next filing
May 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +4.43K +5.88% $0.00 79.7K Feb 24, 2023 Direct F1
transaction BLKB Common Stock Award $0 +8.57K +10.75% $0.00 88.3K Feb 24, 2023 Direct F2
transaction BLKB Common Stock Award $0 +2.66K +3.02% $0.00 90.9K Feb 24, 2023 Direct F3
transaction BLKB Common Stock Tax liability -$119K -2.08K -2.29% $57.15 88.9K Feb 27, 2023 Direct F4
transaction BLKB Common Stock Tax liability -$76.8K -1.34K -1.51% $57.15 87.5K Feb 27, 2023 Direct F4
transaction BLKB Common Stock Tax liability -$71.6K -1.25K -1.43% $57.15 86.3K Feb 27, 2023 Direct F4
transaction BLKB Common Stock Tax liability -$144K -2.51K -2.91% $57.15 83.7K Feb 27, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance restricted stock units ("PRSUs") granted on February 24, 2022 that vested in full on February 24, 2023.
F2 The Compensation Committee determined that PRSUs granted on February 24, 2022 would vest in three equal annual installments beginning on February 24, 2023, based on the Issuer achieving performance goals for the period ended December 31, 2022.
F3 The Compensation Committee determined that a portion of PRSUs granted on February 24, 2022 would vest in full on February 24, 2023 based on the Issuer achieving performance goals for the period ended December 31, 2022, subject to continued employment. The remaining PRSUs granted on February 24, 2022 will vest dependent on the achievement of performance goals for the periods ended December 31, 2023 and December 31, 2024, subject to continued employment.
F4 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 24, 2022.
F5 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 24, 2022.