Form 4: Blackbaud CFO Anthony Boor Sells Shares Under 10b5-1 Trading Plan

Blackbaud's CFO, Anthony W. Boor, sold a total of 10,000 shares of common stock on April 11 and April 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Anthony W. Boor, CFO & Exec VP of Fin. & Admin. at Blackbaud Inc., sold shares of the company's common stock.
• On April 11, 2024, he sold 3,100 shares at a weighted average price of $79.4842.
• On April 15, 2024, he sold 6,900 shares at a weighted average price of $79.0053.
• These sales were executed under a Rule 10b5-1 trading plan adopted on November 7, 2023.
• Following these transactions, Boor directly owns 151,368 shares of Blackbaud Inc.

Sentiment

Score: 5

Explanation: The document simply reports stock sales by an executive under a pre-existing plan. It's a neutral event with no inherent positive or negative implications.

Industry Context

Executive stock sales are a common occurrence and are often part of pre-planned diversification strategies. The use of a 10b5-1 plan suggests the sales were planned well in advance and not based on any immediate inside information.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates