Michael P. Gianoni - Feb 21, 2025 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 21, 2025
Transactions value $
-$1,442,321
Form type
4
Date filed
2/25/2025, 04:16 PM
Previous filing
Feb 20, 2025
Next filing
Feb 26, 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 +29.5K +7.96% $0.00 399K Feb 21, 2025 Direct F1
transaction BLKB Common Stock Award $0 +10.1K +2.54% $0.00 409K Feb 21, 2025 Direct F2
transaction BLKB Common Stock Award $0 +4.94K +1.21% $0.00 414K Feb 22, 2025 Direct F3
transaction BLKB Common Stock Tax liability -$305K -4.47K -1.08% $68.24 410K Feb 24, 2025 Direct F4
transaction BLKB Common Stock Tax liability -$315K -4.62K -1.13% $68.24 405K Feb 24, 2025 Direct F4
transaction BLKB Common Stock Tax liability -$154K -2.25K -0.56% $68.24 403K Feb 24, 2025 Direct F5
transaction BLKB Common Stock Tax liability -$669K -9.8K -2.43% $68.24 393K Feb 24, 2025 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 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.