Jon W. Olson - 21 Feb 2025 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Issuer symbol
BLKB
Transactions as of
21 Feb 2025
Net transactions value
-$451,179
Form type
4
Filing time
25 Feb 2025, 16:18:21 UTC
Previous filing
20 Feb 2025
Next filing
26 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLKB Common Stock Award $0 +4,210 +12% $0.000000 37,980 21 Feb 2025 Direct F1
transaction BLKB Common Stock Award $0 +1,448 +3.8% $0.000000 39,428 21 Feb 2025 Direct F2
transaction BLKB Common Stock Award $0 +2,490 +6.3% $0.000000 41,918 22 Feb 2025 Direct F3
transaction BLKB Common Stock Tax liability $29,275 -429 -1% $68.24 41,489 24 Feb 2025 Direct F4
transaction BLKB Common Stock Tax liability $30,230 -443 -1.1% $68.24 41,046 24 Feb 2025 Direct F4
transaction BLKB Common Stock Tax liability $74,109 -1,086 -2.6% $68.24 39,960 24 Feb 2025 Direct F5
transaction BLKB Common Stock Tax liability $64,077 -939 -2.3% $68.24 39,021 24 Feb 2025 Direct F6
transaction BLKB Common Stock Sale $253,488 -3,700 -9.5% $68.51 35,321 24 Feb 2025 Direct F7
* 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 21, 2024 would vest in three equal annual installments beginning on February 21, 2025, based on the Issuer achieving performance goals for the period ended December 31, 2024.
F2 The Compensation Committee determined that a portion of PRSUs granted on February 21, 2024 would vest in full on February 21, 2025 based on the Issuer achieving performance goals for the period ended December 31, 2024, subject to continued employment. The remaining PRSUs granted in 2024 will vest dependent on the achievement of performance goals for the periods ended December 31, 2025 and 2026, subject to continued employment.
F3 Represents PRSUs granted on February 22, 2024 that vested in full on February 22, 2025.
F4 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 21, 2024.
F5 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 22, 2024.
F6 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 21, 2024.
F7 This transaction was executed in multiple trades at prices ranging from $68.50 to $68.61. 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.