Form 4: Blackbaud EVP Kevin McDearis Reports Stock Disposals for Tax Obligations

Kevin McDearis, EVP & Chief Technology Officer of Blackbaud Inc., reports disposals of common stock to cover tax liabilities upon vesting of restricted stock and performance restricted stock units.

Summary

• On February 14, 2025, Kevin McDearis, EVP & Chief Technology Officer of Blackbaud Inc., disposed of 2,729 shares of common stock at a price of $80.79 to satisfy tax liabilities related to restricted stock vesting.
• Additionally, McDearis disposed of 1,414 shares of common stock at the same price ($80.79) to cover tax liabilities associated with the vesting of performance restricted stock units.
• Following these transactions, McDearis beneficially owns 53,670 shares of Blackbaud Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions for tax purposes, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. The disposal of shares to cover tax liabilities is a standard practice.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to individual tax obligations of an executive.

Key Dates

Keywords

Form 4, Blackbaud, BLKB, Kevin McDearis, Stock Disposal, Tax Liabilities, Restricted Stock, Performance Restricted Stock Units, Beneficial Ownership