Anderson Chad 4
4 · BLACKBAUD INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Blackbaud (BLKB) CFO Chad Anderson Vesting; Shares Withheld for Taxes
What Happened
- Chad Anderson, Executive Vice President and Chief Financial Officer of Blackbaud (BLKB), had performance restricted stock units (PRSUs) vest in mid-February 2026. A total of 4,258 shares were acquired on vesting (3,006 on 2026-02-18 and 1,252 on 2026-02-19). To satisfy tax withholding obligations, 3,559 shares were forfeited/withheld (multiple transactions on 2026-02-19 and 2026-02-20) with an aggregate value of approximately $175,790 based on reported per-share values. Net shares retained from these vestings were 699.
Key Details
- Transaction dates and reported prices/values:
- 2026-02-18: Award of 3,006 shares (A) at $0.00 (vesting; footnote F1).
- 2026-02-19: 1,364 shares withheld (F) at $49.51 — $67,532 (footnote F2/F4).
- 2026-02-19: Award of 1,252 shares (A) at $0.00 (vesting; footnote F3).
- 2026-02-20: 568 shares withheld (F) at $49.32 — $28,014 (footnote F4/F5).
- 2026-02-20: 543 shares withheld (F) at $49.32 — $26,781 (footnote F5).
- 2026-02-20: 1,084 shares withheld (F) at $49.32 — $53,463.
- Total acquired on vesting: 4,258 shares. Total withheld/forfeited for taxes: 3,559 shares (~$175,790). Net shares issued to insider: 699 shares.
- Shares owned after the transactions: not specified in the filing.
- Footnotes: Vesting relates to PRSUs granted Feb 18, 2025 and Feb 19, 2025 (F1, F3); the disposals represent shares forfeited/withheld to satisfy tax liabilities and some restricted stock withholding (F2, F4, F5).
- Filing: Report filed Feb 20, 2026 (covers vesting dates Feb 18–20, 2026). No late filing indication in the filing.
Context
- These transactions reflect equity vesting and tax-withholding rather than open-market sales; withheld shares are standard to satisfy tax obligations and do not necessarily signal a change in insider sentiment.
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Anderson Chad
Executive VP and CFO
Transactions
- Award
Common Stock
[F1]2026-02-18+3,006→ 73,142 total - Tax Payment
Common Stock
[F2]2026-02-19$49.51/sh−1,364$67,532→ 71,778 total - Award
Common Stock
[F3]2026-02-19+1,252→ 73,030 total - Tax Payment
Common Stock
[F4]2026-02-20$49.32/sh−568$28,014→ 72,462 total - Tax Payment
Common Stock
[F4]2026-02-20$49.32/sh−543$26,781→ 71,919 total - Tax Payment
Common Stock
[F5]2026-02-20$49.32/sh−1,084$53,463→ 70,835 total
Footnotes (5)
- [F1]Represents performance restricted stock units ("PRSU") granted on February 18, 2025 that vested in full on February 18, 2026.
- [F2]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 18, 2025.
- [F3]The Compensation Committee determined that a portion of PRSUs granted on February 19, 2025 would vest in full on February 19, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment.
- [F4]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of separate PRSUs granted February 19, 2025.
- [F5]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 19, 2025.
Signature
/s/ S. Halle Vakani, Attorney-in-Fact|2026-02-20