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Progress Software executive Jarrett Loren reported routine equity compensation activity. On April 1, 2026, he exercised and converted a total of 4,044 restricted stock units into an equal number of common shares at a conversion price of $0.00 per share.
To cover related tax obligations at vesting, the company withheld 1,714 common shares at $24.96 per share, recorded as tax-withholding dispositions rather than market sales. After these transactions, Loren directly held 22,016 shares of Progress Software common stock.
Progress Software (PRGS) executive Sundar Subramanian reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On April 1, 2026, he exercised RSUs into 4,044 shares of common stock and had 1,795 shares withheld by the company to cover tax obligations at $24.96 per share.
Following these transactions, he directly holds 16,710 shares of common stock and 6,837 RSUs, which continue to vest in semiannual installments under the company’s 2008 Stock Option and Incentive Plan. The filing shows compensation-related exercises and tax-withholding dispositions rather than open‑market buying or selling.
Progress Software Chief Accounting Officer Domenic LoCoco reported routine equity compensation activity involving vested restricted stock units that converted into common shares. On April 1, 2026, a total of 2,617 restricted stock units converted into 2,617 shares of common stock on a one-for-one basis.
To cover tax obligations from these vestings, the company withheld 770 shares of common stock at $24.96 per share, a non-market tax-withholding disposition rather than an open-market sale. After these transactions, LoCoco directly held 9,857 shares of Progress Software common stock.
Progress Software Chief Legal Officer Yufan Stephanie Wang reported routine equity compensation activity. On April 1, 2026, restricted stock units converted into 3,309 shares of common stock in three tranches, reflecting previously granted awards vesting under the company’s stock plan.
To cover related tax obligations at $24.96 per share, the company withheld 1,502 shares, recorded as tax-withholding dispositions rather than market sales. After these transactions, Wang directly owned 7,563 shares of Progress Software common stock.
Progress Software delivered stronger results for the quarter ended February 28, 2026. Total revenue rose to $247.8 million from $238.0 million, helped by 16% growth in software license revenue, particularly from its OpenEdge product and favorable currency movements.
Net income more than doubled to $22.8 million from $10.9 million, with diluted earnings per share increasing to $0.53 from $0.24. Operating cash flow improved to $98.6 million, supporting $60.0 million of revolver repayments and $20.0 million of share repurchases. Annualized recurring revenue reached $863.0 million, up 2% year-over-year, while the company continues to manage litigation and costs related to the MOVEit cyber vulnerability, partially offset by cybersecurity insurance coverage.
Progress Software reported solid fiscal first-quarter 2026 results with steady growth and very strong profitability. Revenue reached $247.8 million, up 4% year-over-year, led by 16% growth in software licenses while maintenance, SaaS, and services were flat. GAAP operating margin improved to 19% and non-GAAP operating margin to 41%, driving GAAP diluted EPS up to $0.53 from $0.24 and non-GAAP diluted EPS to $1.60 from $1.31. Cash from operations rose 43% to $98.6 million, supporting $60 million of debt repayment and $15 million of share repurchases. Annualized Recurring Revenue was $863 million, up 2% in constant currency, with a net retention rate of 99%, underscoring a sticky customer base. For fiscal 2026, Progress now guides revenue to $988 million–$1.0 billion and nudges non-GAAP EPS up to $5.91–$6.03, while maintaining a targeted 39% non-GAAP operating margin and strong free cash flow.
Progress Software Corp: The Vanguard Group filed Amendment No. 14 to a Schedule 13G/A reporting 0 shares beneficially owned and 0% of the common stock. The filing explains an internal realignment and disaggregation of holdings in accordance with SEC Release No. 34-39538 (January 12, 1998). The filing lists Vanguard's Malvern, PA address and is signed by Ashley Grim as Head of Global Fund Administration on 03/27/2026.
Progress Software Corporation is asking stockholders to vote at its virtual 2026 Annual Meeting on May 7, 2026. Proposals include electing nine directors, an advisory say‑on‑pay vote, increasing shares under the 2008 Stock Option and Incentive Plan by 2,000,000 and under the 1991 Employee Stock Purchase Plan by 900,000, and ratifying Deloitte & Touche LLP as independent auditor.
The company highlights a strong fiscal 2025, with revenue of $978 million, up 30% from fiscal 2024, cash flow from operations of $235 million, up 11%, and annualized recurring revenue of $852 million, up 2% on a constant currency basis. Progress returned over $105 million to stockholders, achieved a 100% net retention rate, exceeded its non‑GAAP operating income target, and continued its M&A strategy, including acquiring Nuclia in June 2025.
PROGRESS SOFTWARE CORP /MA EVP Sundar Subramanian reported option exercises and share sales in PRGS stock. On March 10–11, 2026, he exercised stock options for a total of 4,020 shares of common stock at an exercise price of $38.06 per share. He then sold 23,194 shares of common stock in open‑market transactions at weighted average prices around $37.48–$38.28, executed in multiple trades within stated price ranges under a preexisting Rule 10b5‑1 trading plan adopted on October 27, 2025. After these transactions, he directly holds 15,542 shares of Progress Software common stock.