Director Leitch gets 7,834 restricted shares at Blackbaud Inc. (BLKB)
Rhea-AI Filing Summary
Leitch Andrew M reported acquisition or exercise transactions in this Form 4 filing.
Blackbaud Inc. granted director Andrew M. Leitch a restricted stock award of 7,834 shares of common stock on August 3, 2026. All shares vest on August 3, 2027, or earlier immediately before the 2027 annual election of directors if he is then serving as a director. Following this award he directly holds 48,035 shares.
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Insider Trade Summary
Net Buyer: 7,834 shares
Net Buy
1 txn
Insider
Leitch Andrew M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 7,834 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 48,035 shares (Direct)
Footnotes (1)
- F1. Represents a restricted stock award, all of which shall vest on August 3, 2027 or, if earlier, immediately prior to the 2027 annual election of directors of the Company, provided that the reporting person is then serving as a director of the Company.
Key Figures
Restricted stock award: 7,834 shares
Grant price per share: $0.0000
Shares following transaction: 48,035 shares
+1 more
4 metrics
Restricted stock award
7,834 shares
Grant to director Andrew M. Leitch on 2026-08-03.
Grant price per share
$0.0000
Reported transaction price per share for the restricted stock award.
Shares following transaction
48,035 shares
Total direct common shares held by Andrew M. Leitch after the award.
Vesting date
August 3, 2027
All restricted shares vest on this date, or earlier as specified.
Key Terms
restricted stock award, annual election of directors, reporting person
3 terms
restricted stock award financial
"Represents a restricted stock award, all of which shall vest on August 3, 2027"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
annual election of directors regulatory
"immediately prior to the 2027 annual election of directors of the Company"
A regular, yearly vote by a company’s shareholders to choose who will sit on the board of directors; nominees are presented, votes are cast in person or by proxy at a meeting or by ballot, and winners serve until the next annual election. It matters to investors because the board directs corporate strategy, hires and supervises management, and sets governance and risk policies — similar to electing a steering committee that guides how the company is run.
reporting person regulatory
"provided that the reporting person is then serving as a director of the Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did director Andrew M. Leitch receive at Blackbaud (BLKB)?
Andrew M. Leitch received a restricted stock award of 7,834 shares of Blackbaud common stock. The award was reported at a $0.0000 transaction price per share and increases his direct holdings to 48,035 shares after the grant.
What conditions affect vesting of Andrew M. Leitch’s Blackbaud (BLKB) restricted stock award?
The 7,834 restricted shares vest on August 3, 2027, or earlier immediately before the 2027 annual election of directors, provided that the reporting person is then serving as a director of Blackbaud.