Progress Software: evp/gm Jarrett Loren exercised 5,099 shares

What happened
Jarrett Loren, evp/gm digital experience, converted 5,099 restricted stock units into common stock on Oct 1, 2026 (reported Oct 5, 2026). The filing shows 2,467 shares were withheld by the company to satisfy the tax withholding obligation at $38.99 per share, totaling $96,188.

Key details

• Transaction date(s) and price(s): Oct 1, 2026. Conversions (code M) of 1,168, 1,709 and 2,222 RSUs at $0.00 (total 5,099). Tax-withholding dispositions (code F) of 565, 827 and 1,075 shares at $38.99 for $22,029, $32,245 and $41,914 respectively (total $96,188 for 2,467 shares).
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes: F1 notes RSUs convert one-for-one to common stock; F2–F4 state the withheld shares were used to pay tax withholding on RSU vesting (grants dated Jan 18, 2024; Jan 23, 2025; Jan 22, 2026). F5–F7 describe the original RSU grants and vesting schedules.
• Filing date: Oct 5, 2026 (transaction reported for Oct 1, 2026). The filing does not indicate late filing.

Why it may matter

• The filing shows conversion of restricted stock units rather than an open-market purchase or voluntary sale.
• The company withheld shares to cover tax withholding obligations (a non-market disposition by the company).
  A filing does not show why the insider traded or why the company acted.