Form 4: Blackbaud EVP, Chief Operating Officer Kevin P. Gregoire Sells 3,000 Shares

Kevin P. Gregoire, EVP and Chief Operating Officer of Blackbaud Inc., sold 3,000 shares of common stock at a price of $74 per share on March 7, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 7, 2024, Kevin P. Gregoire, the EVP and Chief Operating Officer of Blackbaud Inc. (BLKB), sold 3,000 shares of the company's common stock.
• The sale was executed at a price of $74 per share.
• Following the transaction, Gregoire directly owns 133,641 shares of Blackbaud Inc.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 15, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the sale was conducted under a pre-arranged trading plan and doesn't necessarily reflect a negative outlook on the company.

Industry Context

Executive stock sales are a common occurrence and can be for various personal financial planning reasons. It's important to consider the context of the sale, such as the use of a pre-arranged trading plan, to understand its potential impact.

Stakeholder Impact

• The sale of shares by a high-ranking executive could potentially create uncertainty among shareholders, although the use of a pre-arranged trading plan mitigates this concern.

Key Dates