Blackbaud (BLKB) Director Andrew M. Leitch Receives Restricted Stock Award

What Happened Andrew M. Leitch, a director of Blackbaud, received a restricted stock award of 7,834 shares on August 3, 2026. The grant was recorded at $0.00 per share (total reported value $0) and is a company award rather than an open-market purchase or sale. This is a restricted equity grant subject to vesting conditions.

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (within the typical 2-business-day reporting window).
• Grant: 7,834 restricted shares at $0.00 per share (reported value $0).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The shares vest on August 3, 2027, or, if earlier, immediately prior to the 2027 annual election of directors, provided Leitch is then serving as a director.
• No indication of a 10b5-1 plan, tax withholding sale, or cashless exercise in this filing.

Context Restricted stock awards are compensation grants that vest over time (or upon specified events) and do not involve the insider buying shares on the open market. Such awards reflect company compensation practices and retention incentives rather than an immediate cash investment or divestment by the insider.