FOLGER ANTHONY 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Progress Software (PRGS) CFO Anthony Folger Receives Equity Awards
What Happened
Anthony Folger, Chief Financial Officer of Progress Software Corporation (PRGS), received two equity awards on January 22, 2026: 28,071 restricted stock units (RSUs) and 66,335 stock options. Both grants were reported as awards (derivative transactions) at a $0.00 per-share acquisition price in the Form 4 filing. The awards themselves had no immediate cash purchase price reported; any future value depends on vesting and, for options, exercise and future stock price.
Key Details
- Transaction date: 2026-01-22; Form 4 filed 2026-01-26 (filed within the standard two business-day window).
- RSUs: 28,071 units; each RSU is a contingent right to one share (F1). Vesting: six equal semiannual installments beginning October 1, 2026 (F2).
- Stock options: 66,335 underlying shares (grant of options) with vesting in eight equal semiannual installments beginning October 1, 2026 (F3).
- Reported acquisition price for both awards: $0.00 (typical for grants).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- No indication of a 10b5-1 plan, tax withholding, cashless exercise, or that the filing was late.
Context
These entries are compensation awards, common for executives, and are different from open-market purchases or sales. RSUs represent a future right to receive shares if vesting conditions are met; options require exercise (and depend on strike price, not listed here). Such grants are routine executive compensation and do not by themselves signal an immediate bullish or bearish trading action.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-01-22+28,071→ 28,071 total→ Common Stock (28,071 underlying) - Award
Employee Stock Options (Right to buy)
[F3]2026-01-22+66,335→ 66,335 totalExercise: $42.75Exp: 2033-01-21→ Common Stock (66,335 underlying)
Footnotes (3)
- [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 (as amended and restated, the "Plan"). The restricted stock units vest in six equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.
- [F3]Represents stock options granted to the Reporting Person pursuant to the Plan. The stock options vest in eight equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.