Gawlick Rainer 4

What Happened
Rainer Gawlick, a director of Progress Software Corporation (PRGS), was granted 5,857 deferred stock units on 2026-07-02 (transaction code A). The award is valued at $38.42 per share, for a total reported value of $225,026. This is a compensation grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-07-02; Grant (A) of 5,857 deferred stock units at $38.42 each — total $225,026.
• Filing date: Form 4 filed 2026-07-06 (Form shows filing date; insiders generally must report within two business days).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote (F1): These are fiscal 2026 deferred stock units issued as the director’s equity retainer under the Company’s Director Compensation Plan (2008 Stock Option & Incentive Plan). They vest on the date of the Company’s 2027 Annual Meeting if the director remains in service, and are payable one-for-one in common stock on the earlier of a change in control or the director’s termination of service.
• Transaction code: A = Award/Grant. Not a sale or purchase.

Context
Deferred stock units are a common form of director compensation and convert to actual shares only on vesting/payment events; they do not represent an immediate cash outlay or sale. Such grants are routine and primarily reflect compensation/retention practices rather than a direct signal of the director’s near-term view on the stock.