VITALE VIVIAN M 4

What Happened
Vivian M. Vitale, a director of Progress Software Corporation (PRGS), was granted 5,857 deferred stock units on 2026-07-02 at a reported per-share value of $38.42, a total grant value of $225,026. This was an award (code A) — not an open-market buy or sale — issued as the fiscal 2026 equity retainer for her board service.

Key Details

• Transaction date: 2026-07-02; reported on Form 4 filed 2026-07-06 (timely within the 2 business-day reporting window).
• Price/value: $38.42 per share; total value $225,026.
• Shares/units granted: 5,857 deferred stock units.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The units are deferred stock units under the Company’s Director Compensation Plan (2008 Stock Option and Incentive Plan). They vest on the Company’s 2027 Annual Meeting date, subject to continued board service, and are payable one-for-one in common stock upon either a change in control or when the director leaves the board.

Context
Deferred stock unit awards to non-employee directors are routine compensation for board service and do not represent an immediate purchase or sale of stock. Because payout is contingent on vesting or certain events, they don’t necessarily signal a near-term trading intent.