Form 4: Blackbaud Executive VP Chad Anderson Reports Acquisition of Common Stock

Executive VP and CFO of Blackbaud, Chad Anderson, reports the acquisition of 11,227 shares of common stock on May 2, 2025, through a restricted stock award.

Summary

• Chad Anderson, Executive VP and CFO of Blackbaud Inc., filed a Form 4 on May 7, 2025.
• The report details a transaction that occurred on May 2, 2025, where Anderson acquired 11,227 shares of Blackbaud common stock.
• This acquisition was in the form of a restricted stock award.
• The restricted stock award vests in three equal annual installments starting May 2, 2026, contingent upon continued employment.
• Following the reported transaction, Anderson beneficially owns 41,476 shares of Blackbaud common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive is generally viewed as a positive sign, indicating confidence in the company. The vesting schedule also suggests a long-term commitment.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The restricted stock award vests in three equal annual installments beginning on May 2, 2026, subject to continued employment, suggesting a long-term commitment from the executive.

Industry Context

This type of stock award is a common practice in executive compensation, aligning the executive's interests with those of the shareholders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock awards to incentivize long-term performance.
• Companies like Salesforce, Oracle, and SAP also use similar equity-based compensation strategies for their executives.

Stakeholder Impact

• Shareholders may view the executive's stock acquisition as a positive signal.
• Employees may see it as a sign of stability and confidence in the company's leadership.

Key Dates

Keywords

Blackbaud, Chad Anderson, Executive VP, CFO, Form 4, Stock Acquisition, Restricted Stock Award, Beneficial Ownership, BLKB