4//SEC Filing
LoCoco Domenic 4
Accession 0000876167-25-000065
CIK 0000876167other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 4:12 PM ET
Size
32.4 KB
Accession
0000876167-25-000065
Insider Transaction Report
Form 4
LoCoco Domenic
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2025-04-01$42.61/sh+2,027$86,370→ 10,617 total - Exercise/Conversion
Common Stock
2025-04-01$44.49/sh+2,330$103,662→ 12,947 total - Sale
Common Stock
2025-04-01$57.12/sh−7,185$410,407→ 5,762 total - Exercise/Conversion
Restricted Stock Units
2025-04-01−375→ 0 total→ Common Stock (375 underlying) - Exercise/Conversion
Restricted Stock Units
2025-04-01−885→ 1,771 total→ Common Stock (885 underlying) - Exercise/Conversion
Common Stock
2025-04-01+885→ 5,452 total - Exercise/Conversion
Employee Stock Options (Right to buy)
2025-04-01−2,330→ 4,660 totalExercise: $44.49Exp: 2029-01-19→ Common Stock (2,330 underlying) - Exercise/Conversion
Common Stock
2025-04-01+375→ 4,678 total - Tax Payment
Common Stock
2025-04-01$56.16/sh−260$14,602→ 5,192 total - Exercise/Conversion
Restricted Stock Units
2025-04-01−807→ 3,228 total→ Common Stock (807 underlying) - Exercise/Conversion
Employee Stock Options (Right to buy)
2025-04-01−2,828→ 2,828 totalExercise: $47.16Exp: 2027-01-20→ Common Stock (2,828 underlying) - Tax Payment
Common Stock
2025-04-01$56.16/sh−111$6,234→ 4,567 total - Exercise/Conversion
Common Stock
2025-04-01+807→ 5,999 total - Tax Payment
Common Stock
2025-04-01$56.16/sh−237$13,310→ 5,762 total - Exercise/Conversion
Common Stock
2025-04-01$47.16/sh+2,828$133,368→ 8,590 total - Exercise/Conversion
Employee Stock Options (Right to buy)
2025-04-01−2,027→ 2,026 totalExercise: $42.61Exp: 2028-01-18→ Common Stock (2,027 underlying)
Footnotes (12)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F10]Options were granted to the Reporting Person on January 21, 2020 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 5,656 shares were vested and exercisable.
- [F11]Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 4,053 shares were vested and exercisable.
- [F12]Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 4,660 shares were vested and exercisable.
- [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 January 20, 2022.
- [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, 2023.
- [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 18, 2024.
- [F5]The trading activity reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 29, 2024.
- [F6]This transaction was executed in multiple trades at prices ranging from $57.00 to $57.26 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F7]On January 20, 2022, the Reporting Person was granted 2,248 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.
- [F8]On January 19, 2023, the Reporting Person was granted 5,311 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, 2023, subject to the continued employment of the Reporting Person with the Company.
- [F9]On January 18, 2024, the Reporting Person was granted 4,842 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, 2024, subject to the continued employment of the Reporting Person with the Company.
Documents
Issuer
PROGRESS SOFTWARE CORP /MA
CIK 0000876167
Entity typeother
Related Parties
1- filerCIK 0001906390
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 4:12 PM ET
- Size
- 32.4 KB