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Blackbaud (BLKB) CFO reports PRSU vesting and tax share forfeitures

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Form Type
4

Rhea-AI Filing Summary

BLACKBAUD INC Executive VP and CFO Chad Anderson reported a mix of stock awards and tax-related share dispositions. On February 23, 2026, he acquired 425 shares of common stock at $0.00 per share through the vesting of performance restricted stock units (PRSUs) granted on February 21, 2024, after performance goals for the period ended December 31, 2025 were achieved, subject to continued employment.

He also disposed of 193, 170, and 1,115 shares of common stock at $49.13 per share, representing shares forfeited back to the company to satisfy tax liabilities incurred upon the vesting of those PRSUs and separate restricted stock granted on February 21, 2024. Following these transactions, he directly owned 69,782 shares of Blackbaud common stock.

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Insider Anderson Chad
Role Executive VP and CFO
Type Security Shares Price Value
Grant/Award Common Stock 425 $0.00 --
Tax Withholding Common Stock 193 $49.13 $9K
Tax Withholding Common Stock 170 $49.13 $8K
Tax Withholding Common Stock 1,115 $49.13 $55K
Holdings After Transaction: Common Stock — 71,260 shares (Direct)
Footnotes (1)
  1. The Compensation Committee determined that a portion of performance restricted stock units ("PRSUs") granted on February 21, 2024 would vest in full on February 23, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment. The remaining PRSUs granted in 2024 will vest dependent on the achievement of performance goals for the period ended December 31, 2026, subject to continued employment. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 21, 2024. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 21, 2024.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Anderson Chad
(Last) (First) (Middle)
65 FAIRCHILD STREET
(Street)
CHARLESTON SC 29492
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKBAUD INC [ BLKB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP and CFO
3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/23/2026 A 425(1) A $0 71,260 D
Common Stock 02/23/2026 F 193(2) D $49.13 71,067 D
Common Stock 02/23/2026 F 170(2) D $49.13 70,897 D
Common Stock 02/23/2026 F 1,115(3) D $49.13 69,782 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The Compensation Committee determined that a portion of performance restricted stock units ("PRSUs") granted on February 21, 2024 would vest in full on February 23, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment. The remaining PRSUs granted in 2024 will vest dependent on the achievement of performance goals for the period ended December 31, 2026, subject to continued employment.
2. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 21, 2024.
3. Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 21, 2024.
Remarks:
/s/ S. Halle Vakani, Attorney-in-Fact 02/25/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Blackbaud (BLKB) CFO Chad Anderson report on this Form 4?

Chad Anderson reported one stock award vesting and three related tax-withholding dispositions in Blackbaud common stock. The filing reflects routine equity compensation activity, with performance-based restricted stock units vesting and shares forfeited back to the company to cover associated tax liabilities.

How many BLKB shares did the CFO acquire in this transaction?

He acquired 425 shares of Blackbaud common stock at $0.00 per share through the vesting of performance restricted stock units. These PRSUs were originally granted on February 21, 2024 and vested on February 23, 2026 after performance goals for the period ended December 31, 2025 were achieved.

What were the tax-withholding share dispositions reported by BLKB’s CFO?

He disposed of 193, 170, and 1,115 shares of Blackbaud common stock at $49.13 per share. According to the disclosure, these shares were forfeited back to Blackbaud to satisfy tax liabilities triggered by the vesting of PRSUs and restricted stock granted on February 21, 2024.

How many Blackbaud (BLKB) shares does the CFO hold after these transactions?

After the award vesting and tax-related share forfeitures, Chad Anderson directly held 69,782 shares of Blackbaud common stock. This figure reflects his updated direct ownership following all reported transactions dated February 23, 2026 in the filing.

What future vesting conditions are tied to the CFO’s 2024 PRSU grant at BLKB?

A portion of PRSUs granted on February 21, 2024 vested in full on February 23, 2026 based on performance through December 31, 2025. The remaining PRSUs from that grant will vest only if performance goals for the period ending December 31, 2026 are achieved, subject to continued employment.