Form 4: Blackbaud SVP and General Counsel Jon W. Olson Sells 7,200 Shares
SEC Form 4 Filing
Jon W. Olson, SVP and General Counsel of Blackbaud Inc., sold 7,200 shares of common stock at an average price of $71.9947 on March 6, 2024, according to a Form 4 filing.
Summary
- On March 6, 2024, Jon W. Olson, the SVP and General Counsel of Blackbaud Inc. (BLKB), sold 7,200 shares of the company's common stock.
- The sale was executed at a weighted average price of $71.9947 per share, with individual transaction prices ranging from $71.4667 to $72.29.
- Following the transaction, Olson directly owns 36,628 shares of Blackbaud common stock.
- The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 21, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some investors, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 11/21/2023 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 03/06/2024 | Date of the transaction (sale of shares) |
| 03/08/2024 | Date of the Form 4 filing |
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