Form 4: Blackbaud Executive Sells 5,700 Shares

Kevin P. Gregoire, EVP and Chief Operating Officer of Blackbaud Inc., sold 5,700 shares of common stock on November 13, 2024.

Summary

• Kevin P. Gregoire, an executive at Blackbaud Inc., sold 5,700 shares of the company's common stock.
• The transaction occurred on November 13, 2024.
• The shares were sold at a price of $86.5301 per share.
• Following the sale, Mr. Gregoire directly owns 93,396 shares of Blackbaud stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, which is a common occurrence. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• Similar filings are made by executives at companies like Salesforce (CRM), Oracle (ORCL), and SAP (SAP) when they trade their company's stock.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on investor sentiment, but is generally considered a normal part of executive compensation and portfolio management.

Key Dates

Keywords

Blackbaud, insider trading, stock sale, executive, BLKB, Kevin P. Gregoire