Progress Software's Jarrett receives 5,099 shares
The EVP/GM Digital Experience's RSU grants vest in six equal semiannual installments, subject to continued employment.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Progress Software's EVP/GM Digital Experience, Loren Jarrett, converted 5,099 restricted stock units into common shares on October 1, 2026. The company withheld 2,467 shares for tax obligations upon vesting: 565 shares tied to a grant dated January 18, 2024, 827 tied to a January 23, 2025 grant, and 1,075 tied to a January 22, 2026 grant. Each grant vests in six equal semiannual installments, subject to continued employment.
Insider Trade Summary
5,099 shares exercised/converted
Exercise
9 txns
Insider
Jarrett Loren
Role
EVP/GM Digital Experience
| 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 | 565 | $38.99 | $22K |
| Exercise | Common Stock F1 | 1,709 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 827 | $38.99 | $32K |
| Exercise | Common Stock F1 | 2,222 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 1,075 | $38.99 | $42K |
Holdings After Transaction:
Restricted Stock Units — 17,408 contracts (Direct);
Common Stock — 12,901 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: 5,099 shares
Shares withheld for tax obligations: 2,467 shares
Shares withheld from January 18, 2024 grant: 565 shares
+3 more
6 metrics
Restricted stock units converted
5,099 shares
October 1, 2026
Shares withheld for tax obligations
2,467 shares
Upon RSU vesting on October 1, 2026
Shares withheld from January 18, 2024 grant
565 shares
October 1, 2026
Shares withheld from January 23, 2025 grant
827 shares
October 1, 2026
Shares withheld from January 22, 2026 grant
1,075 shares
October 1, 2026
Price per share for tax-withholding transactions
$38.99 per share
October 1, 2026
Key Terms
Restricted stock units, one-for-one basis, semiannual installments, tax withholding obligations
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.
one-for-one basis financial
"convert into common stock on a one-for-one basis"
semiannual installments financial
"vest in six equal semiannual installments"
tax withholding obligations financial
"pay the tax withholding obligations upon the vesting of restricted stock units"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do Progress Software RSU grants vest?
The grants dated January 18, 2024, January 23, 2025, and January 22, 2026 vest in six equal semiannual installments beginning October 1, 2024, October 1, 2025, and October 1, 2026, respectively, subject to continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
