Kulikoski Kathryn 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 22, 2024
Insider Transaction Report
Form 4
Kulikoski Kathryn
CHIEF PEOPLE OFFICER
Transactions
- Award
Restricted Stock Units
2024-01-18+4,851→ 4,851 total→ Common Stock (4,851 underlying) - Award
Employee Stock Options (Right to buy)
2024-01-18+11,934→ 11,934 totalExercise: $57.83Exp: 2031-01-17→ Common Stock (11,934 underlying) - Award
Restricted Stock Units
2024-01-18+8,085→ 8,085 total→ Common Stock (8,085 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, 2024, 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, 2024, 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, 2027, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2026, and the continued employment of the Reporting Person with the Company.