Form 4: Blackbaud SVP Jon W. Olson Reports Stock Transactions Following Vesting of Performance Restricted Stock Units

Jon W. Olson, SVP and General Counsel of Blackbaud Inc., reports acquisition and disposal of common stock related to vesting of performance restricted stock units and satisfaction of tax liabilities.

Summary

• On February 26, 2024, Jon W. Olson, SVP and General Counsel of Blackbaud Inc., acquired 3,036 shares of common stock due to the vesting of performance restricted stock units (PRSUs) granted on February 24, 2022.
• These PRSUs vested because the issuer achieved performance goals for the period ended December 31, 2023.
• Olson also disposed of 1,393 shares, 745 shares and 1,393 shares of common stock to cover tax liabilities associated with the vesting of PRSUs and restricted stock granted on February 24, 2022.
• The price for the disposed shares was $68.61.
• Following these transactions, Olson beneficially owns 43,828 shares of Blackbaud Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the vesting of PRSUs indicates the company met its performance goals. The transactions are routine and expected.

Positives

• The vesting of PRSUs indicates that Blackbaud Inc. achieved its performance goals for the period ended December 31, 2023.

Future Outlook

The remaining PRSUs granted on February 24, 2022, will vest dependent on the achievement of performance goals for the period ended December 31, 2024, subject to continued employment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may view the vesting of PRSUs as a positive sign, indicating the company is achieving its performance targets.
• The transactions have a minor impact on the overall shareholding structure.

Key Dates