FABERMAN STEPHEN H 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 24, 2022
Insider Transaction Report
Form 4
FABERMAN STEPHEN H
VP and General Counsel
Transactions
- Award
Restricted Stock Units
2022-01-20+5,620→ 5,620 total→ Common Stock (5,620 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
- [F2]Represents performance-based restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2025, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2024, and the continued employment of the Reporting Person with the Company.