Olson Jon W 4
4 · BLACKBAUD INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Blackbaud (BLKB) SVP Jon W. Olson Receives PRSUs; Forfeits Shares for Taxes
What Happened
- Jon W. Olson, Senior Vice President and General Counsel of Blackbaud (BLKB), received equity awards (performance RSUs and restricted stock) that vested in mid-February 2026 and had a portion of shares forfeited to the company to satisfy tax withholding. Awarded shares: 3,367 (2/18/2026) and 1,708 (2/19/2026) at $0 (vested PRSUs). Shares forfeited/withheld to cover taxes (reported as disposals): 1,022 @ $49.51 (2/19/2026) and three withholdings on 2/20/2026 of 496, 519 and 990 shares @ $49.32 (total withholding value ≈ $149,486). Net shares retained from the vesting event (awarded minus withheld) = 5,075 awarded − 3,027 forfeited = 2,048 net shares.
Key Details
- Transaction types: A = award/grant (vesting of PRSUs); F = shares forfeited/withheld to satisfy tax liabilities.
- Dates & prices:
- 2026-02-18: Award of 3,367 PRSUs (vested) @ $0 (F1 notes these were PRSUs from 2/18/2025 that vested 2/18/2026).
- 2026-02-19: 1,022 shares forfeited @ $49.51 for tax withholding (proceeds $50,599).
- 2026-02-19: Award of 1,708 PRSUs @ $0 (portion of Feb 19, 2025 grant vested; see F3).
- 2026-02-20: 496 shares forfeited @ $49.32 ($24,463); 519 shares forfeited @ $49.32 ($25,597); 990 shares forfeited @ $49.32 ($48,827).
- Total withholding/forfeiture: 3,027 shares for about $149,486.
- Shares owned after transaction: not provided in the excerpt of the filing supplied here.
- Filing timeliness: Form filed 2026-02-20 reporting transactions 2/18–2/20/2026 — appears timely (filed within standard Form 4 deadlines).
- Relevant footnotes: F1–F5 explain these were PRSUs (and some restricted stock) granted in Feb 2025 that vested in Feb 2026 and that the reported disposals represent shares forfeited to the issuer to satisfy tax liabilities.
Context
- This was not an open-market sale or purchase — it reflects vested equity awards and routine tax withholding (cashless/forfeiture to issuer) rather than a discretionary sale. Such withholdings are standard when restricted or performance shares vest and do not necessarily indicate a change in insider sentiment.
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Olson Jon W
SVP and General Counsel
Transactions
- Award
Common Stock
[F1]2026-02-18+3,367→ 52,993 total - Tax Payment
Common Stock
[F2]2026-02-19$49.51/sh−1,022$50,599→ 51,971 total - Award
Common Stock
[F3]2026-02-19+1,708→ 53,679 total - Tax Payment
Common Stock
[F4]2026-02-20$49.32/sh−496$24,463→ 53,183 total - Tax Payment
Common Stock
[F4]2026-02-20$49.32/sh−519$25,597→ 52,664 total - Tax Payment
Common Stock
[F5]2026-02-20$49.32/sh−990$48,827→ 51,674 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/ Donald R. Reynolds, Attorney-in-Fact|2026-02-20