Kevin McDearis - Feb 18, 2025 Form 4 Insider Report for BLACKBAUD INC (BLKB)

Role
EVP & Chief Technology Officer
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact
Stock symbol
BLKB
Transactions as of
Feb 18, 2025
Transactions value $
-$131,205
Form type
4
Date filed
2/20/2025, 05:24 PM
Previous filing
Feb 19, 2025
Next filing
Feb 25, 2025
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 +4.06K +7.56% $0.00 57.7K Feb 18, 2025 Direct F1
transaction BLKB Common Stock Award $0 +15.6K +27.09% $0.00 73.4K Feb 19, 2025 Direct F2
transaction BLKB Common Stock Tax liability -$131K -1.85K -2.52% $70.96 71.5K Feb 19, 2025 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 13, 2023 would vest in full on February 18, 2025 based on the Issuer achieving performance goals for the period ended December 31, 2024, subject to continued employment. The remaining PRSUs granted in 2023 will vest dependent on the achievement of performance goals for the period ended December 31, 2025, subject to continued employment.
F2 Represents a restricted stock award which vests in three equal annual installments beginning on February 19, 2026, subject to continued employment.
F3 Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 13, 2023.