Jarrett Loren 4

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.