Progress Software CFO receives 10,191 shares
The reported share withholding was tied to tax obligations on three restricted-stock-unit vesting awards.
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Form Type
4
Rhea-AI Filing Summary
Progress Software Corporation (PRGS) chief financial officer Anthony Folger reported that 10,191 restricted stock units converted one-for-one into common stock on October 1, 2026. The company withheld 4,521 common shares to pay tax withholding obligations, at a reported $38.99 per share. The awards came from grants made on January 18, 2024, January 23, 2025, and January 22, 2026.
Insider Trade Summary
10,191 shares exercised/converted
Exercise
9 txns
Insider
FOLGER ANTHONY
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F5 | 2,464 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F6 | 3,049 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F7 | 4,678 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,464 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,093 | $38.99 | $43K |
| Exercise | Common Stock F1 | 3,049 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 1,353 | $38.99 | $53K |
| Exercise | Common Stock F1 | 4,678 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 2,075 | $38.99 | $81K |
Holdings After Transaction:
Restricted Stock Units — 35,005 contracts (Direct);
Common Stock — 53,051 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 14,785 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 18,293 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 28,071 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: 2,464 shares
Restricted stock units converted: 3,049 shares
Restricted stock units converted: 4,678 shares
+4 more
7 metrics
Restricted stock units converted
2,464 shares
Award granted January 18, 2024; converted October 1, 2026
Restricted stock units converted
3,049 shares
Award granted January 23, 2025; converted October 1, 2026
Restricted stock units converted
4,678 shares
Award granted January 22, 2026; converted October 1, 2026
Shares withheld for tax obligations
1,093 shares
Upon vesting of the award granted January 18, 2024
Shares withheld for tax obligations
1,353 shares
Upon vesting of the award granted January 23, 2025
Shares withheld for tax obligations
2,075 shares
Upon vesting of the award granted January 22, 2026
Price per share withheld
$38.99 per share
Shares withheld on October 1, 2026
Key Terms
Restricted stock units, semiannual installments, tax withholding obligations
3 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.
semiannual installments financial
"vest in six equal semiannual installments"
tax withholding obligations financial
"to pay the tax withholding obligations of the Reporting Person"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the grant dates and vesting schedules for Anthony Folger's PRGS restricted stock units?
Folger's grants were 14,785 units on January 18, 2024, 18,293 units on January 23, 2025, and 28,071 units on January 22, 2026. Each grant vests in six equal semiannual installments beginning October 1 of the respective year shown for that grant, subject to continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
