Form 4: Blackbaud Director Yogesh K. Gupta Acquires and Disposes of Shares
SEC Form 4
Director Yogesh K. Gupta reports acquisition of restricted stock and disposal of common stock in Blackbaud Inc.
Summary
- On August 1, 2024, Yogesh K. Gupta, a director of Blackbaud Inc., acquired 3,066 shares of common stock through a restricted stock award.
- The restricted stock award will vest on August 1, 2025, or earlier if Gupta is serving as a director immediately prior to the 2025 annual election of directors.
- On the same day, Gupta disposed of 8,596 shares of common stock.
- Following these transactions, Gupta beneficially owns 8,596 shares of Blackbaud Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The restricted stock award will vest on August 1, 2025, or earlier if Gupta is serving as a director immediately prior to the 2025 annual election of directors.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the technology industry.
Stakeholder Impact
- The stock transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock acquisition and disposition. |
| 08/01/2025 | Vesting date of restricted stock award, contingent on continued service as director. |
| 08/02/2024 | Date of signature by Attorney-in-Fact. |
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