EGAN JOHN R 4

What Happened

• John R. Egan, a director of Progress Software Corporation (PRGS), was granted 5,857 restricted stock units (RSUs) on 2026-07-02. The RSUs are valued at $38.42 each, for a total grant value of $225,026. This was an award (transaction code A) as the fiscal year 2026 equity retainer under the Company’s director compensation plan — not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-07-02; 5,857 RSUs @ $38.42 each (total $225,026).
• Vesting/payable: RSUs payable one-for-one in common stock on the earlier of a change in control or the Company’s 2027 Annual Meeting, subject to Egan’s continued board service until that date (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: Form filed 2026-07-06 for a 2026-07-02 grant — appears to be 4 days after the transaction and may be later than the typical two-business-day Form 4 deadline.
• Transaction type: Award/grant (A) — director compensation under the 2008 Stock Option and Incentive Plan.

Context

• This is a typical director equity retainer — RSUs are compensation and do not represent an immediate market purchase or sale. The grant will only convert to actual shares upon vesting (or a change in control), so it’s not an immediate bullish or bearish trading signal.