Form 4: Blackbaud EVP Kevin P. Gregoire Reports Stock Disposals for Tax Obligations

Kevin P. Gregoire, EVP and Chief Operating Officer of Blackbaud Inc., reports the disposal of shares to cover tax liabilities upon vesting of restricted stock and performance restricted stock units.

Summary

• On February 14, 2025, Kevin P. Gregoire, EVP and Chief Operating Officer of Blackbaud Inc. (BLKB), disposed of 3,350 shares of common stock at a price of $80.79.
• These shares were forfeited to the issuer to cover tax liabilities incurred upon the vesting of restricted stock granted on February 13, 2023.
• Additionally, 1,718 shares were disposed of at the same price ($80.79) to cover tax liabilities from the vesting of performance restricted stock units granted on February 13, 2023.
• Following these transactions, Gregoire directly owns 88,328 shares of Blackbaud Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes and doesn't indicate any significant change in the executive's position or the company's outlook.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the executive's long-term outlook on the company.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is related to tax obligations and doesn't represent a significant change in ownership.

Key Dates

Keywords

Form 4, Blackbaud, BLKB, Kevin P. Gregoire, EVP, Chief Operating Officer, Stock Disposal, Tax Liabilities, Restricted Stock, Performance Restricted Stock Units, Beneficial Ownership