Form 4: Blackbaud Executive David J. Benjamin Sells 5,590 Shares

David J. Benjamin, EVP and Chief Commercial Officer of Blackbaud Inc., sold 5,590 shares of common stock at a weighted average price of $78.0371 on August 16, 2024.

Summary

• On August 16, 2024, David J. Benjamin, the EVP and Chief Commercial Officer of Blackbaud Inc. (BLKB), sold 5,590 shares of the company's common stock.
• The sale was executed at a weighted average price of $78.0371 per share, with individual transactions occurring between $77.99 and $78.2650.
• Following the transaction, Benjamin directly owns 51,108 shares of Blackbaud Inc.
• The transaction was reported on a Form 4 filing with the SEC.

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 about the company's prospects.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's performance. However, large or frequent sales can sometimes be viewed negatively by investors.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it leads to a slight decrease in the stock price due to increased selling pressure, but this is unlikely to be significant given the volume of shares traded daily.

Key Dates