4//SEC Filing
FABERMAN STEPHEN H 4
Accession 0000876167-22-000050
CIK 0000876167other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:19 PM ET
Size
8.7 KB
Accession
0000876167-22-000050
Insider Transaction Report
Form 4
FABERMAN STEPHEN H
VP and General Counsel
Transactions
- Exercise/Conversion
Common Stock
2022-02-01+13,970→ 108,214 total - Tax Payment
Common Stock
2022-02-01$45.93/sh−6,197$284,628→ 102,017 total - Exercise/Conversion
Restricted Stock Units
2022-02-01−13,970→ 0 total→ Common Stock (13,970 underlying)
Footnotes (3)
- [F1]On January 22, 2019, the Reporting Person was granted 10,078 performance-based restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and 2019 Long Term Incentive Plan. Based on the Company meeting relative total shareholder return and cumulative operating income criteria over the three-year period ending November 30, 2021, the amount shown is the amount of performance-based restricted stock units that vested under the 2019 Long Term Incentive Plan on February 1, 2022.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 22, 2019.
Documents
Issuer
PROGRESS SOFTWARE CORP /MA
CIK 0000876167
Entity typeother
Related Parties
1- filerCIK 0001270656
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:19 PM ET
- Size
- 8.7 KB