SEGAL JEREMY 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Oct 5, 2022
Insider Transaction Report
Form 4
SEGAL JEREMY
Senior Vice President
Transactions
- Exercise/Conversion
Common Stock
2022-10-03+1,284→ 1,284 total - Tax Payment
Common Stock
2022-10-03$42.80/sh−557$23,842→ 727 total - Exercise/Conversion
Common Stock
2022-10-03+939→ 1,666 total - Tax Payment
Common Stock
2022-10-03$42.80/sh−408$17,464→ 1,258 total - Tax Payment
Common Stock
2022-10-03$42.80/sh−488$20,889→ 1,894 total - Exercise/Conversion
Restricted Stock Units
2022-10-03−1,284→ 2,569 total→ Common Stock (1,284 underlying) - Exercise/Conversion
Common Stock
2022-10-03+1,124→ 2,382 total - Sale
Common Stock
2022-10-03$43.82/sh−1,258$55,126→ 636 total - Exercise/Conversion
Restricted Stock Units
2022-10-03−939→ 2,817 total→ Common Stock (939 underlying) - Exercise/Conversion
Restricted Stock Units
2022-10-03−1,124→ 5,620 total→ Common Stock (1,124 underlying)
Footnotes (8)
- [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 June 29, 2020.
- [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 19, 2021.
- [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 20, 2022.
- [F5]This trade was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 17, 2021.
- [F6]On June 29, 2020, the Reporting Person was granted 7,705 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning April 1, 2021, subject to the continued employment of the Reporting Person with the Company.
- [F7]On January 19, 2021, the Reporting Person was granted 5,634 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2021, subject to the continued employment of the Reporting Person with the Company.
- [F8]On January 20, 2022, the Reporting Person was granted 6,744 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2022, subject to the continued employment of the Reporting Person with the Company.