Form 4: Blackbaud Executive Benjamin David J Reports Stock Disposals to Cover Tax Obligations

EVP, Chief Commercial Officer of Blackbaud, Benjamin David J, reports disposing of shares to cover tax liabilities upon vesting of restricted stock and performance restricted stock units.

Summary

• On February 14, 2025, Benjamin David J, EVP, Chief Commercial Officer of Blackbaud Inc., disposed of 3,106 shares of common stock at a price of $80.79 to cover tax liabilities.
• These shares were related to the vesting of restricted stock granted on February 13, 2023.
• Additionally, 1,606 shares were disposed of at the same price to cover tax liabilities related to the vesting of performance restricted stock units granted on the same date.
• Following these transactions, Benjamin David J beneficially owns 46,396 shares of Blackbaud Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine tax-related stock disposals and doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the executive is covering tax obligations related to previously granted stock awards, which is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Blackbaud, BLKB, Form 4, SEC Filing, Beneficial Ownership, Stock Disposal, Executive Compensation, Tax Liabilities, Restricted Stock, Performance Restricted Stock Units