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

Kevin P. Gregoire, EVP and Chief Operating Officer of Blackbaud Inc., sold 7,333 shares of common stock on August 15, 2024, at a weighted average price of $77.6545.

Summary

• On August 15, 2024, Kevin P. Gregoire, the EVP and Chief Operating Officer of Blackbaud Inc. (BLKB), sold 7,333 shares of the company's common stock.
• The sale was executed at a weighted average price of $77.6545 per share.
• The prices for individual trades ranged from $77.57 to $77.82.
• Following the transaction, Gregoire directly owns 110,715 shares of Blackbaud common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sale could influence sentiment.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into management's perspective on the company's valuation and future prospects. However, without additional context, it's difficult to determine the specific reasons behind this sale.

Stakeholder Impact

• The stock sale could potentially influence investor sentiment, depending on how the market interprets the transaction.

Key Dates