Michael P. Gianoni - Feb 13, 2024 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Role
President and CEO, Director
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Stock symbol
BLKB
Transactions as of
Feb 13, 2024
Transactions value $
-$1,993,295
Form type
4
Date filed
2/16/2024, 04:33 PM
Previous filing
Feb 14, 2024
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +32.1K +9.17% $0.00 382K Feb 13, 2024 Direct F1
transaction BLKB Common Stock Award $0 +13.1K +3.42% $0.00 395K Feb 13, 2024 Direct F2
transaction BLKB Common Stock Tax liability -$703K -9.99K -2.53% $70.38 385K Feb 14, 2024 Direct F3
transaction BLKB Common Stock Tax liability -$345K -4.9K -1.27% $70.38 380K Feb 14, 2024 Direct F4
transaction BLKB Common Stock Tax liability -$421K -5.99K -1.58% $70.38 374K Feb 14, 2024 Direct F4
transaction BLKB Common Stock Award $0 +16K +4.27% $0.00 390K Feb 14, 2024 Direct F5
transaction BLKB Common Stock Tax liability -$524K -7.32K -1.88% $71.61 382K Feb 15, 2024 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Compensation Committee determined that performance restricted stock units ("PRSUs") granted on February 13, 2023 would vest in three equal annual installments beginning on February 13, 2024, based on the Issuer achieving performance goals for the period ended December 31, 2023.
F2 The Compensation Committee determined that a portion of PRSUs granted on February 13, 2023 would vest in full on February 13, 2024 based on the Issuer achieving performance goals for the period ended December 31, 2023, subject to continued employment. The remaining PRSUs granted in 2023 will vest dependent on the achievement of performance goals for the periods ended December 31, 2024 and 2025, subject to continued employment.
F3 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 13, 2023.
F4 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 13, 2023.
F5 Represents PRSUs granted on February 14, 2023 that vested in full on February 14, 2024.
F6 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 14, 2023.