Blackbaud COO acquires 10,590-share stock award
Blackbaud’s COO received 10,590 performance-based shares vesting on February 19, 2026, increasing his direct holdings to 156,775 shares.
Rhea-AI Filing Summary
BLACKBAUD INC (BLKB) reports that EVP and Chief Operating Officer Kevin P. Gregoire acquired 10,590 shares of Common Stock on February 19, 2026 through the vesting of performance restricted stock units (PRSUs), with no cash price per share. Following this award, he directly holds 156,775 shares of Blackbaud common stock.
The footnote explains that these PRSUs were granted on February 19, 2025 and are scheduled to vest in three equal annual installments beginning on February 19, 2026, contingent on the company achieving specified performance goals for the period ended December 31, 2025. No Rule 10b5-1 trading plan is reported for this transaction.
Positive
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Negative
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Insider Trade Summary
Grant/Award: 10,590 shares
Grant/Award
1 txn
Insider
Gregoire Kevin P.
Role
EVP, Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 10,590 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 156,775 shares (Direct)
Footnotes (1)
- F1. The Compensation Committee determined that performance restricted stock units ("PRSUs") granted on February 19, 2025 would vest in three equal annual installments beginning on February 19, 2026, based on the Issuer achieving performance goals for the period ended December 31, 2025.
Key Figures
Shares acquired via PRSU vesting: 10,590 shares
Post-transaction holdings: 156,775 shares
Reported transaction price per share: $0.00 per share
+2 more
5 metrics
Shares acquired via PRSU vesting
10,590 shares
Common Stock acquired on February 19, 2026 as a grant/award
Post-transaction holdings
156,775 shares
Directly held by Kevin P. Gregoire after the February 19, 2026 transaction
Reported transaction price per share
$0.00 per share
Grant/award acquisition of Common Stock on February 19, 2026
Annual vesting installments
3 installments
PRSUs granted February 19, 2025 vest in three equal annual installments
Performance period end date
December 31, 2025
PRSUs vesting based on achieving performance goals for this period
Key Terms
performance restricted stock units, vest, Compensation Committee, performance goals
4 terms
performance restricted stock units financial
"The Compensation Committee determined that performance restricted stock units ("PRSUs") granted"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
vest financial
"PRSUs granted on February 19, 2025 would vest in three equal annual installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Compensation Committee financial
"The Compensation Committee determined that performance restricted stock units ("PRSUs") granted"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
performance goals financial
"based on the Issuer achieving performance goals for the period ended December 31, 2025"
Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.
FAQ
What insider transaction did BLACKBAUD INC (BLKB) report in this amended Form 4?
The filing reports that Kevin P. Gregoire, EVP and Chief Operating Officer, acquired 10,590 shares of Common Stock on February 19, 2026 via vesting of performance restricted stock units, at a reported price of $0.00 per share.
What are the vesting terms of the PRSUs reported in this BLKB filing?
The footnote states that PRSUs granted on February 19, 2025 will vest in three equal annual installments beginning on February 19, 2026, subject to Blackbaud achieving performance goals for the period ended December 31, 2025.
Why was this Form 4 for BLKB filed as an amendment (Form 4/A)?
The company notes that this amendment corrects a prior Form 4 filed on February 20, 2026, which inadvertently omitted the PRSUs earned on February 19, 2026; the share balance now reflects holdings immediately after that transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
