SEGAL JEREMY 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 23, 2023
Insider Transaction Report
Form 4
SEGAL JEREMY
Senior Vice President
Transactions
- Award
Restricted Stock Units
2023-01-19+5,836→ 5,836 total→ Common Stock (5,836 underlying) - Award
Restricted Stock Units
2023-01-19+9,726→ 9,726 total→ Common Stock (9,726 underlying) - Award
Employee Stock Options (Right to buy)
2023-01-19+13,880→ 13,880 totalExercise: $51.41Exp: 2030-01-18→ Common Stock (13,880 underlying)
Footnotes (4)
- [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 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.
- [F3]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.
- [F4]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.