Form 4: Blackbaud CEO Michael Gianoni Sells Shares
SEC Form 4 Filing
Blackbaud's CEO, Michael Gianoni, sold 196 shares of common stock at a price of $76.94 on August 15, 2024.
Summary
- On August 15, 2024, Michael P Gianoni, the President and CEO of Blackbaud Inc., sold 196 shares of the company's common stock.
- The transaction was executed at a price of $76.94 per share.
- Following the transaction, Gianoni directly owns 401,864 shares of Blackbaud common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways depending on the context.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The stock sale by the CEO could be perceived differently by shareholders, with some potentially viewing it as a lack of confidence in the company's future prospects, while others may see it as a normal part of personal financial management.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock sale transaction |
| 08/19/2024 | Date of signature on the Form 4 filing |
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