Blackbaud CEO Michael P. Gianoni Receives 16,291-Share Award

What Happened Michael P. Gianoni, President, CEO and a director of Blackbaud, was reported as acquiring 16,291 shares on February 19, 2026 via an award/acquisition (Form 4 code A). The filing shows the shares were recorded at $0.00 (no cash paid) because these were performance restricted stock units (PRSUs) that vested based on 2025 performance results. This submission is an amended Form 4 filed September 4, 2026 to correct an earlier filing (Feb 20, 2026) that inadvertently omitted these PRSUs.

Key Details

• Transaction date: February 19, 2026; reported as an award/acquisition (code A). Price reported: $0.00 per share. Quantity: 16,291 shares.
• Vesting: Footnote states these PRSUs were originally granted Feb 19, 2025 and were determined to vest in three equal annual installments beginning Feb 19, 2026, based on performance for the period ended Dec 31, 2025.
• Shares owned after transaction: filing says the aggregate number of shares reported reflects holdings immediately after the transaction; the exact post-transaction total is not specified in the provided summary.
• Filing timeliness: This is an amended filing (filed 2026-09-04) correcting a Feb 20, 2026 Form 4 that omitted the earned PRSUs; the amendment improves transparency but was filed later than the original transaction date.

Context PRSUs are compensation awards that vest only if performance targets are met; they are different from open-market purchases or sales and do not necessarily signal a buying decision by the insider. The reported acquisition was the result of performance vesting (no cash outlay reported). Amended/late filings correct public records but can delay disclosure to investors.