Olson Jon W 4
4 · BLACKBAUD INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Blackbaud (BLKB) SVP Jon W. Olson Receives Award, Forfeits Shares
What Happened
- Jon W. Olson, Senior Vice President and General Counsel of Blackbaud (BLKB), received stock awards and had shares withheld to satisfy tax withholding related to vesting. On Feb 13, 2026 he was issued 2,442 shares (PRSUs) at $0.00; on Feb 17, 2026 he was issued 25,810 restricted shares at $0.00. Also on Feb 17, 2026 a total of 2,425 shares were forfeited/withheld (596, 795 and 1,034 shares) at $49.08 per share to satisfy tax liabilities, totaling about $119,020. These forfeitures are tax withholding actions, not open-market sales.
Key Details
- Transaction dates and prices:
- 2026-02-13: Acquired 2,442 shares (A) @ $0.00 (PRSUs vesting)
- 2026-02-17: Acquired 25,810 shares (A) @ $0.00 (restricted stock grant)
- 2026-02-17: Forfeited/withheld 596 shares (F) @ $49.08 = $29,252
- 2026-02-17: Forfeited/withheld 795 shares (F) @ $49.08 = $39,019
- 2026-02-17: Forfeited/withheld 1,034 shares (F) @ $49.08 = $50,749
- Shares forfeited to cover taxes: 2,425 shares total; proceeds shown (~$119,020) reflect tax withholding value, not a market sale.
- Shares owned after these transactions: not specified in the Form 4 filing.
- Filing: Form 4 filed Feb 18, 2026 reporting transactions on Feb 13 and Feb 17; the filing does not indicate tardiness.
- Relevant footnotes:
- F1: PRSUs granted Feb 13, 2023 vested in full on Feb 13, 2026 based on performance through Dec 31, 2025, subject to continued employment.
- F2/F3: The disposals represent shares forfeited to the issuer to satisfy tax liabilities on vested PRSUs/restricted stock.
- F4: The 25,810 restricted shares vest in three equal annual installments beginning Feb 17, 2027, subject to continued employment.
Context
- This was largely a vesting and grant event with routine tax-withholding via share forfeiture (common practice). The forfeited shares are not open-market sales and therefore are not a direct signal of selling pressure. The PRSU vesting was performance-based (per F1); the new restricted shares are subject to multi-year vesting (per F4).
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Olson Jon W
SVP and General Counsel
Transactions
- Award
Common Stock
[F1]2026-02-13+2,442→ 26,241 total - Tax Payment
Common Stock
[F2]2026-02-17$49.08/sh−596$29,252→ 25,645 total - Tax Payment
Common Stock
[F2]2026-02-17$49.08/sh−795$39,019→ 24,850 total - Tax Payment
Common Stock
[F3]2026-02-17$49.08/sh−1,034$50,749→ 23,816 total - Award
Common Stock
[F4]2026-02-17+25,810→ 49,626 total
Footnotes (4)
- [F1]The Compensation Committee determined that a portion of performance restricted stock units ("PRSUs") granted on February 13, 2023 would vest in full on February 13, 2026 based on the Issuer achieving performance goals for the period ended December 31, 2025, subject to continued employment.
- [F2]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of PRSUs granted February 13, 2023.
- [F3]Represents shares forfeited to the Issuer in connection with the satisfaction of tax liabilities incurred upon the vesting of restricted stock granted February 13, 2023.
- [F4]Represents restricted stock awards which vest in three equal annual installments beginning on February 17, 2027, subject to continued employment.
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact|2026-02-18