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

Blackbaud's CFO, Anthony W. Boor, sold a total of 10,000 shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• Anthony W. Boor, the CFO and Executive VP of Finance & Administration at Blackbaud Inc., sold 2,100 shares of common stock at a weighted average price of $84.2781 per share.
• He also sold 7,900 shares of common stock at a weighted average price of $85.0067 per share.
• These transactions were executed on November 21, 2024, under a Rule 10b5-1 trading plan adopted on August 21, 2024.
• Following these sales, Mr. Boor directly owns 140,262 shares of Blackbaud common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, which is neither particularly positive nor negative. It's a neutral event from an investment perspective.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting investor sentiment.

Industry Context

Executive stock sales are a common occurrence, especially under pre-arranged trading plans like 10b5-1, and are often part of executive compensation packages. This activity is not unusual in the tech sector.

Comparison to Industry Standards

• Many executives in publicly traded companies use 10b5-1 plans to manage their stock sales, which is a standard practice to avoid accusations of insider trading.
• The volume of shares sold by Mr. Boor is not unusual for a CFO of a company of Blackbaud's size.
• Comparable companies in the software and technology sector often see similar patterns of executive stock transactions.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

Blackbaud, stock sale, insider trading, Form 4, Anthony W. Boor, 10b5-1 plan, executive compensation, share transaction