Progress Software director granted 5,857 stock units
Gawlick Rainer reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Gawlick Rainer reported acquisition or exercise transactions in this Form 4 filing.
Progress Software director Rainer Gawlick received a stock-based compensation grant. On July 2, 2026, he was awarded 5,857 deferred stock units of Progress Software common stock at a reference price of $38.42 per share, bringing his direct holdings to 61,401 shares.
The award represents his fiscal 2026 equity retainer for board service, issued under the company’s Director Compensation Plan and 2008 Stock Option and Incentive Plan. These deferred stock units vest at the company’s 2027 Annual Meeting of Stockholders and are settled one-for-one in common stock upon a change in control or when he leaves the board.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,857 shares
Grant/Award
1 txn
Insider
Gawlick Rainer
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,857 | $38.42 | $225K |
Holdings After Transaction:
Common Stock — 61,401 shares (Direct)
Footnotes (1)
- F1. Represents deferred stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2026 equity retainer for the Reporting Person's services as a director of the Company during such period. These deferred stock units were issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date the Reporting Person terminates service on the board of directors of the Company (the "Board of Directors"). The deferred stock units will vest on the date of the Company's 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Board of Directors until such date.
Key Figures
Deferred stock units granted: 5,857 units
Reference price per share: $38.42 per share
Shares held after transaction: 61,401 shares
+2 more
5 metrics
Deferred stock units granted
5,857 units
Fiscal 2026 equity retainer grant on July 2, 2026
Reference price per share
$38.42 per share
Price associated with the July 2, 2026 grant
Shares held after transaction
61,401 shares
Total direct holdings following the award
Vesting date
2027 Annual Meeting
Deferred stock units vest at 2027 Annual Meeting of Stockholders
Settlement condition
1-for-1 in common stock
Payable upon change in control or end of board service
Key Terms
deferred stock units, equity retainer, Director Compensation Plan, 2008 Stock Option and Incentive Plan, +2 more
6 terms
deferred stock units financial
"Represents deferred stock units issued to the Reporting Person by Progress Software Corporation"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
equity retainer financial
"as the fiscal year 2026 equity retainer for the Reporting Person's services as a director"
Director Compensation Plan financial
"issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan"
2008 Stock Option and Incentive Plan financial
"pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis"
change in control regulatory
"payable ... on the earlier of a change in control of the Company or the date the Reporting Person terminates service"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Annual Meeting of Stockholders financial
"The deferred stock units will vest on the date of the Company's 2027 Annual Meeting of Stockholders"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Progress Software (PRGS) report for Rainer Gawlick?
Progress Software reported that director Rainer Gawlick received 5,857 deferred stock units as an equity retainer for fiscal 2026 board service. These units represent stock-based compensation, not an open-market share purchase or sale by the director.
What are the key terms of Rainer Gawlick’s deferred stock units from Progress Software (PRGS)?
The deferred stock units vest on the date of Progress Software’s 2027 Annual Meeting of Stockholders, subject to continued board service. They are payable one-for-one in common stock upon a change in control of the company or when Gawlick’s board service ends.
Under which plans were the Progress Software (PRGS) deferred stock units granted to Rainer Gawlick?
The deferred stock units were issued under Progress Software’s Director Compensation Plan pursuant to its 2008 Stock Option and Incentive Plan. These plans govern how directors receive equity retainers and define vesting, settlement, and other key award conditions.
Is Rainer Gawlick’s Progress Software (PRGS) Form 4 transaction a market purchase or sale?
The Form 4 reflects a grant of 5,857 deferred stock units as compensation, not a market purchase or sale. It is categorized as a grant, award, or other acquisition, meaning the shares were awarded by the company rather than bought or sold in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
