Form 4: Blackbaud CEO Michael Gianoni Reports Stock Disposals for Tax Obligations

Michael Gianoni, President and CEO of Blackbaud Inc., reports disposing of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• Michael P Gianoni, the President and CEO of Blackbaud Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 14, 2025, Gianoni disposed of 9,924 shares of common stock at a price of $80.79 to cover tax liabilities from restricted stock units vesting on February 13, 2023.
• He also disposed of 4,917 shares at the same price to cover tax liabilities from performance restricted stock units vesting on the same date.
• Following these transactions, Gianoni directly owns 329,238 shares of Blackbaud Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard tax obligations, so the sentiment is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the disposal.

Key Dates

Keywords

Form 4, Blackbaud, Gianoni, Beneficial Ownership, Stock Disposal, Tax Liabilities, Restricted Stock Units, BLKB