DACIER PAUL T 4

What Happened
Paul T. Dacier, a director of Progress Software Corporation (PRGS), was granted 5,857 deferred stock units on 2026-07-02. The units were valued at $38.42 each, for a total grant value of $225,026. This is an award (transaction code A) as part of his director compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-02; Filing date: 2026-07-06 (timely under SEC two-business-day rule given the July 4 weekend/holiday).
• Grant: 5,857 deferred stock units; valuation: $38.42/unit; total value: $225,026.
• Shares owned after transaction: Not specified in the filing.
• Footnote (F1): These are deferred stock units issued as the FY2026 equity retainer under the Company's director compensation plan. They pay out one-for-one in common stock on the earlier of a change in control or the director's termination of service, and they will vest on the date of the Company's 2027 Annual Meeting of Stockholders, subject to continued board service.
• Transaction type: Award/grant (routine director compensation), not a purchase or sale.

Context
Deferred stock units are a common way to pay directors and do not represent immediate transferable shares; they convert to common stock upon specified events (change in control or termination) and vest at the 2027 annual meeting if the director remains in service. Such grants are routine compensation and should be viewed differently than open-market purchases or sales.