Michael P. Gianoni - 24 Feb 2023 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Issuer symbol
BLKB
Transactions as of
24 Feb 2023
Net transactions value
-$1,918,905
Form type
4
Filing time
01 Mar 2023, 19:45:18 UTC
Previous filing
15 Feb 2023
Next filing
14 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +12,431 +3.5% $0.000000 366,327 24 Feb 2023 Direct F1
transaction BLKB Common Stock Award $0 +31,164 +8.5% $0.000000 397,491 24 Feb 2023 Direct F2
transaction BLKB Common Stock Award $0 +9,679 +2.4% $0.000000 407,170 24 Feb 2023 Direct F3
transaction BLKB Common Stock Tax liability $325,755 -5,700 -1.4% $57.15 401,470 27 Feb 2023 Direct F4
transaction BLKB Common Stock Tax liability $272,205 -4,763 -1.2% $57.15 396,707 27 Feb 2023 Direct F4
transaction BLKB Common Stock Tax liability $253,632 -4,438 -1.1% $57.15 392,269 27 Feb 2023 Direct F4
transaction BLKB Common Stock Tax liability $509,264 -8,911 -2.3% $57.15 383,358 27 Feb 2023 Direct F5
transaction BLKB Common Stock Sale $172,747 -3,100 -0.81% $55.72 380,258 28 Feb 2023 Direct F6
transaction BLKB Common sTock Sale $385,302 -6,900 -1.8% $55.84 373,358 01 Mar 2023 Direct F7
* 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.
F6 This transaction was executed in multiple trades at prices ranging from $55.65 to $56.17. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
F7 This transaction was executed in multiple trades at prices ranging from $55.65 to $56.29. The price reported in Column 4 is a weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.