Form 4: Blackbaud EVP, Chief Commercial Officer David J. Benjamin Sells Shares

David J. Benjamin, EVP, Chief Commercial Officer of Blackbaud Inc., sold shares of common stock in multiple transactions between May 28 and May 30, 2024.

Summary

• David J. Benjamin, an executive at Blackbaud Inc., sold shares of the company's common stock.
• The sales occurred over three days: May 28, May 29, and May 30, 2024.
• On May 28, 2024, he sold 16,500 shares at a weighted average price of $77.797 and 200 shares at $79.07.
• On May 29, 2024, he sold 14,951 shares at a weighted average price of $77.6597.
• On May 30, 2024, he sold 1,768 shares at $77.5.
• Following these transactions, Benjamin directly owns 57,739 shares of Blackbaud Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting the sale of shares by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transactions.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. They can be driven by a variety of factors, including personal financial planning and diversification. It's important to consider the overall context of insider transactions when evaluating their potential impact.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates