Progress Software CEO converts awards into 27,243 shares
Each of the three awards vests in six equal semiannual installments, subject to continued employment, with its schedule beginning October 1, 2024, 2025 or 2026.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Progress Software (PRGS) CEO and director Yogesh K. Gupta converted 27,243 restricted stock units into common shares on October 1, 2026, on a one-for-one basis. The company withheld 13,174 shares at $38.99 per share to pay his tax withholding obligations upon vesting. The conversions related to restricted stock unit awards granted in 2024, 2025 and 2026.
Insider Trade Summary
27,243 shares exercised/converted
Exercise
9 txns
Insider
Gupta Yogesh K
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F6 | 7,349 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F7 | 8,315 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F8 | 11,579 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 7,349 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 3,554 | $38.99 | $139K |
| Exercise | Common Stock F1 | 8,315 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 4,021 | $38.99 | $157K |
| Exercise | Common Stock F1 | 11,579 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F5 | 5,599 | $38.99 | $218K |
Holdings After Transaction:
Restricted Stock Units — 90,190 contracts (Direct);
Common Stock — 300,846 shares (Direct)
Footnotes (8)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Includes 579 shares of common stock acquired by the Reporting Person on March 31, 2026, through Progress Software Corporation's (the "Company") Employee Stock Purchase Plan.
- 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 18, 2024.
- 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 23, 2025.
- F5. 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.
- F6. On January 18, 2024, the Reporting Person was granted 44,095 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.
- F7. On January 23, 2025, the Reporting Person was granted 49,890 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.
- F8. On January 22, 2026, the Reporting Person was granted 69,474 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
Common shares acquired: 27,243 shares
Shares withheld for tax obligations: 13,174 shares
Price per share: $38.99 per share
+3 more
6 metrics
Common shares acquired
27,243 shares
Restricted stock unit conversions on October 1, 2026
Shares withheld for tax obligations
13,174 shares
Upon vesting on October 1, 2026
Price per share
$38.99 per share
Shares withheld for tax obligations
Restricted stock units granted
44,095 restricted stock units
Grant on January 18, 2024
Restricted stock units granted
49,890 restricted stock units
Grant on January 23, 2025
Restricted stock units granted
69,474 restricted stock units
Grant on January 22, 2026
Key Terms
Restricted stock units, Employee Stock Purchase Plan, 2008 Stock Option and Incentive Plan, semiannual installments
4 terms
Restricted stock units financial
"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.
Employee Stock Purchase Plan financial
"through Progress Software Corporation's (the "Company") Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
2008 Stock Option and Incentive Plan financial
"pursuant to the Company's 2008 Stock Option and Incentive Plan"
semiannual installments financial
"vest in six equal semiannual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do PRGS CEO Yogesh K. Gupta's restricted stock units vest?
The three awards were granted on January 18, 2024, January 23, 2025, and January 22, 2026. Each vests in six equal semiannual installments beginning October 1, 2024, October 1, 2025, and October 1, 2026, respectively, subject to his continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
