Form 4: Blackbaud SVP Jon W. Olson Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Jon W. Olson, SVP and General Counsel of Blackbaud Inc., reports disposing of shares to cover tax liabilities incurred upon the vesting of restricted stock and performance restricted stock units.
Summary
- On February 14, 2025, Jon W. Olson, SVP and General Counsel of Blackbaud Inc., disposed of 1,039 shares of common stock at a price of $80.79.
- These shares were forfeited to cover tax liabilities from restricted stock granted on February 13, 2023.
- Additionally, 593 shares were disposed of at the same price to cover tax liabilities from performance restricted stock units granted on the same date.
- Following these transactions, Olson directly owns 22,393 shares of Blackbaud Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects routine stock disposals for tax purposes and doesn't indicate a change in the executive's confidence in the company.
Industry Context
This is a routine filing related to insider transactions. It is common for executives to dispose of shares to cover tax obligations when restricted stock or equity awards vest.
Key Dates
| Date | Description |
|---|---|
| February 13, 2023 | Date of grant for restricted stock and performance restricted stock units. |
| February 14, 2025 | Date of stock disposal to cover tax liabilities. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
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