Form 4: Blackbaud EVP, Chief Operating Officer Kevin P. Gregoire Sells 9,902 Shares

Kevin P. Gregoire, EVP and Chief Operating Officer of Blackbaud Inc., sold 9,902 shares of common stock at an average price of $79.5439 on May 22, 2024.

Summary

• On May 22, 2024, Kevin P. Gregoire, the EVP and Chief Operating Officer of Blackbaud Inc., sold 9,902 shares of the company's common stock.
• The sale was executed at a weighted average price of $79.5439 per share.
• Following the transaction, Gregoire directly owns 118,739 shares of Blackbaud Inc.
• The transaction was executed in multiple trades at prices ranging from $79.495 to $79.665.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a standard Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of key personnel.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding shares.

Key Dates