Form 4: Blackbaud Director Rupal S. Hollenbeck Reports Acquisition and Disposal of Common Stock

Director Rupal S. Hollenbeck reports acquiring 3,066 shares of Blackbaud Inc. common stock as a restricted stock award and disposing of 8,596 shares on August 1, 2024.

Summary

• On August 1, 2024, Rupal S. Hollenbeck, a director of Blackbaud Inc., acquired 3,066 shares of common stock through a restricted stock award.
• The acquisition price was $0 per share.
• The restricted stock award will vest on August 1, 2025, or earlier if Hollenbeck is serving as a director immediately before the 2025 annual election of directors.
• On the same day, Hollenbeck disposed of 8,596 shares of common stock.
• Following these transactions, Hollenbeck beneficially owns 8,596 shares of Blackbaud Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. The acquisition of restricted stock is a positive sign, but the disposal of shares tempers the overall sentiment. The transactions are routine and don't necessarily indicate a strong positive or negative outlook.

Positives

• The acquisition of restricted stock indicates confidence in the company's future performance, as the shares vest based on continued service as a director.

Negatives

• The disposal of 8,596 shares could be interpreted negatively, although the reason for disposal is not disclosed.

Future Outlook

The vesting of the restricted stock award is contingent on Hollenbeck's continued service as a director, aligning her interests with the company's long-term success.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the insider's transactions as an indicator of confidence in the company.

Key Dates