Progress Software’s Ainsworth converts stock awards
The EVP/GM App & Data Platform’s withheld shares were tied to RSU grants made on January 18, 2024, January 23, 2025 and January 22, 2026.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Progress Software Corporation’s EVP/GM App & Data Platform, John Ainsworth, reported the October 1, 2026 vesting and conversion of 1,168, 1,709 and 2,222 restricted stock units into common shares. The RSUs convert one-for-one. Upon vesting, 519, 758 and 986 common shares were withheld by the company to pay tax withholding obligations for awards granted January 18, 2024, January 23, 2025 and January 22, 2026, respectively.
Insider Trade Summary
5,099 shares exercised/converted
Exercise
9 txns
Insider
Ainsworth John
Role
EVP/GM App & Data Platform
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F5 | 1,168 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F6 | 1,709 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F7 | 2,222 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,168 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 519 | $38.99 | $20K |
| Exercise | Common Stock F1 | 1,709 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 758 | $38.99 | $30K |
| Exercise | Common Stock F1 | 2,222 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 986 | $38.99 | $38K |
Holdings After Transaction:
Restricted Stock Units — 17,408 contracts (Direct);
Common Stock — 60,960 shares (Direct)
Footnotes (7)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Represents shares of common stock withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 18, 2024.
- F3. Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 23, 2025.
- F4. Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 22, 2026.
- F5. On January 18, 2024, the Reporting Person was granted 7,004 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan (as amended and restated, the "Plan"). The restricted stock units vest in six equal semiannual installments beginning October 1, 2024, subject to the continued employment of the Reporting Person with the Company.
- F6. On January 23, 2025, the Reporting Person was granted 10,255 restricted stock units pursuant to the Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2025, subject to the continued employment of the Reporting Person with the Company.
- F7. On January 22, 2026, the Reporting Person was granted 13,334 restricted stock units pursuant to the Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2026, subject to the continued employment of the Reporting Person with the Company.
Key Figures
Restricted stock units converted: 1,168 shares
Restricted stock units converted: 1,709 shares
Restricted stock units converted: 2,222 shares
+4 more
7 metrics
Restricted stock units converted
1,168 shares
October 1, 2026
Restricted stock units converted
1,709 shares
October 1, 2026
Restricted stock units converted
2,222 shares
October 1, 2026
Common shares withheld for tax obligations
519 shares
For RSUs granted January 18, 2024
Common shares withheld for tax obligations
758 shares
For RSUs granted January 23, 2025
Common shares withheld for tax obligations
986 shares
For RSUs granted January 22, 2026
Reported withholding price
$38.99 per share
Reported for the tax-withholding transactions on October 1, 2026
Key Terms
Restricted Stock Units, tax withholding obligations, semiannual installments, 2008 Stock Option and Incentive Plan
4 terms
Restricted Stock Units technical
"Restricted stock units convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to pay the tax withholding obligations of the Reporting Person"
semiannual installments technical
"vest in six equal semiannual installments"
2008 Stock Option and Incentive Plan technical
"pursuant to the Company's 2008 Stock Option and Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What restricted stock units did PRGS executive John Ainsworth report vesting?
John Ainsworth, Progress Software Corporation’s EVP/GM App & Data Platform, reported 1,168, 1,709 and 2,222 restricted stock units converting into common shares on October 1, 2026. The RSUs convert one-for-one.
AI-generated analysis. How Rhea-AI works. Not financial advice.
