Form 4: Blackbaud EVP, Chief Operating Officer Kevin P. Gregoire Sells 5,000 Shares
SEC Form 4 Filing
Kevin P. Gregoire, EVP and Chief Operating Officer of Blackbaud Inc., sold 5,000 shares of common stock on April 11, 2024, at a price of $79 per share.
Summary
- On April 11, 2024, Kevin P. Gregoire, the EVP and Chief Operating Officer of Blackbaud Inc. (BLKB), sold 5,000 shares of the company's common stock.
- The sale was executed at a price of $79 per share.
- Following the transaction, Gregoire directly owns 128,641 shares of Blackbaud Inc.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on November 15, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports a stock sale by an executive, which was conducted under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. It is important to consider the context of the sale, such as the existence of a pre-arranged trading plan.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 11/15/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 04/11/2024 | Date of the stock sale transaction |
| 04/15/2024 | Date of the Form 4 filing |
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