Form 4: Blackbaud Director Andrew M. Leitch Acquires Shares Through Restricted Stock Award

Director Andrew M. Leitch acquired 3,066 shares of Blackbaud Inc. common stock through a restricted stock award on August 1, 2024.

Summary

• On August 1, 2024, Andrew M. Leitch, a director of Blackbaud Inc., acquired 3,066 shares of common stock.
• The acquisition was a result of a restricted stock award.
• The price per share was $0.
• Following the transaction, Leitch directly owns 36,531 shares of Blackbaud Inc.
• The restricted stock award will vest on August 1, 2025, or earlier if Leitch is serving as a director immediately prior to the 2025 annual election of directors.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally seen as a positive sign, indicating confidence in the company's prospects. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's outlook.

Positives

• The acquisition of shares by a director signals confidence in the company's future.

Future Outlook

The restricted stock award vests on August 1, 2025, contingent on continued service as a director.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates