4//SEC Filing
Ortiz Jennifer 4
Accession 0000876167-23-000025
CIK 0000876167other
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 5:19 PM ET
Size
11.2 KB
Accession
0000876167-23-000025
Insider Transaction Report
Form 4
Ortiz Jennifer
EVP, Corporate Marketing
Transactions
- Award
Restricted Stock Units
2023-01-19+3,794→ 3,794 total→ Common Stock (3,794 underlying) - Award
Employee Stock Options (Right to buy)
2023-01-19+9,022→ 9,022 totalExercise: $51.41Exp: 2030-01-18→ Common Stock (9,022 underlying) - Award
Restricted Stock Units
2023-01-19+6,322→ 6,322 total→ Common Stock (6,322 underlying)
Holdings
- 5,729
Common Stock
Footnotes (5)
- [F1]Includes 89 shares of common stock acquired by the Reporting Person on December 31, 2022 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F3]Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2023, subject to the continued employment of the Reporting Person with the Company.
- [F4]Represents stock options granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The stock options vest in eight equal semiannual installments beginning on October 1, 2023, subject to the continued employment of the Reporting Person with the Company.
- [F5]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, 2026, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2025, and the continued employment of the Reporting Person with the Company.
Documents
Issuer
PROGRESS SOFTWARE CORP /MA
CIK 0000876167
Entity typeother
Related Parties
1- filerCIK 0001887559
Filing Metadata
- Form type
- 4
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 5:19 PM ET
- Size
- 11.2 KB