Michael P. Gianoni - Feb 26, 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 26, 2024
Transactions value $
-$1,549,557
Form type
4
Date filed
2/28/2024, 05:04 PM
Previous filing
Feb 23, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +19.4K +4.61% $0.00 441K Feb 26, 2024 Direct F1
transaction BLKB Common Stock Tax liability -$611K -8.91K -2.02% $68.61 432K Feb 26, 2024 Direct F2
transaction BLKB Common Stock Tax liability -$327K -4.76K -1.1% $68.61 427K Feb 26, 2024 Direct F2
transaction BLKB Common Stock Tax liability -$611K -8.91K -2.09% $68.61 418K Feb 26, 2024 Direct F3
* 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 a portion of performance restricted stock units ("PRSUs") granted on February 24, 2022 would vest in full on February 26, 2024 based on the Issuer achieving performance goals for the period ended December 31, 2023, subject to continued employment. The remaining PRSUs granted on February 24, 2022 will vest dependent on the achievement of performance goals for the period ended December 31, 2024, subject to continued employment.
F2 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.
F3 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.