Jon W. Olson - 24 Feb 2023 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Role
SVP and General Counsel
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Issuer symbol
BLKB
Transactions as of
24 Feb 2023
Net transactions value
-$240,487
Form type
4
Filing time
01 Mar 2023, 19:50:45 UTC
Previous filing
21 Feb 2023
Next filing
14 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +3,000 +5.6% $0.000000 56,861 24 Feb 2023 Direct F1
transaction BLKB Common Stock Award $0 +4,870 +8.6% $0.000000 61,731 24 Feb 2023 Direct F2
transaction BLKB Common Stock Award $0 +1,513 +2.5% $0.000000 63,244 24 Feb 2023 Direct F3
transaction BLKB Common Stock Tax liability $78,638 -1,376 -2.2% $57.15 61,868 27 Feb 2023 Direct F4
transaction BLKB Common Stock Tax liability $42,577 -745 -1.2% $57.15 61,123 27 Feb 2023 Direct F4
transaction BLKB Common Stock Tax liability $39,662 -694 -1.1% $57.15 60,429 27 Feb 2023 Direct F4
transaction BLKB Common Stock Tax liability $79,610 -1,393 -2.3% $57.15 59,036 27 Feb 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.