Jarrett Loren 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
Progress Software (PRGS) EVP Jarrett Loren Receives Equity Awards
What Happened Jarrett Loren, Executive Vice President & GM, Digital Experience at Progress Software (PRGS), received equity awards on 2026-01-22: 31,510 restricted stock units (RSUs) and 13,334 stock options (44,844 total contingent units). The Form 4 reports these as grants (value recorded as $0 on the grant date), not open-market purchases or sales — they are compensation awards that vest over time and are contingent on continued employment.
Key Details
- Transaction date: 2026-01-22; Form 4 filed 2026-01-26 (appears timely).
- Grants: 31,510 RSUs (each RSU = right to one share) and 13,334 stock options (reported as derivative grants).
- Vesting: RSUs vest in six equal semiannual installments beginning October 1, 2026; options vest in eight equal semiannual installments beginning October 1, 2026 (both subject to continued employment).
- Reported dollar amount: $0.00 on grant entries (standard for grants on Form 4); exercise price for options not provided in the supplied data.
- Shares owned after transaction: not stated in the information provided.
- No 10b5-1, tax-withholding, or late-filing notes included in the provided extract.
Context These awards are standard equity compensation and do not represent an open-market buy or sale. RSUs convert to shares upon vesting; options must be vested and exercised to become shares. Such grants are common for executive compensation and should be interpreted as part of pay, not a direct insider trading signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-01-22+13,334→ 13,334 total→ Common Stock (13,334 underlying) - Award
Employee Stock Options (Right to buy)
[F3]2026-01-22+31,510→ 31,510 totalExercise: $42.75Exp: 2033-01-21→ Common Stock (31,510 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.