Anderson Chad 4

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.