Tucci Angela 4

What Happened
Angela Tucci, a director of Progress Software Corporation (PRGS), was granted 5,857 restricted stock units (RSUs) on 2026-07-02 at an implied value of $38.42 per share, totaling $225,026. This transaction is an award (not an open-market purchase or sale) issued as the director's fiscal 2026 equity retainer.

Key Details

• Transaction date: 2026-07-02; Filing date: 2026-07-06 (Form 4 accession 0000876167-26-000094).
• Grant: 5,857 RSUs; implied grant value $38.42/share; total value $225,026.
• Shares owned after transaction: not reported in the filing.
• Footnote: RSUs issued under the Company's Director Compensation Plan (pursuant to the 2008 Stock Option & Incentive Plan). RSUs convert one-for-one into common stock upon vesting.
• Vesting conditions: payable in common stock on the earlier of a change in control or the Company's 2027 Annual Meeting of Stockholders, subject to Tucci's continued board service through that date.
• Transaction code: A (award/grant).

Context
These RSUs are compensation for board service and typically vest in the future; they do not represent immediately tradable shares until they vest and are converted. Director awards are routine and reflect standard compensation practices rather than a direct buy/sell signal from the insider.