Blackbaud (BLKB) General Counsel Jon W. Olson Receives Award of 4,888 Shares

What Happened
Jon W. Olson, SVP and General Counsel of Blackbaud (BLKB), had 4,888 performance-based restricted stock units (PRSUs) recorded as acquired (transaction code A) on February 19, 2026. The Form 4 shows the award at $0.00 per share (non-cash compensation); the filing records the grant/vesting of 4,888 shares rather than an open-market purchase or sale.

Key Details

• Transaction date: February 19, 2026; transaction type: Award/Grant (A).
• Price reported on Form 4: $0.00 per share; total cash value reported: $0 (award/vesting recorded as compensation).
• Shares acquired: 4,888 PRSUs vested/earned.
• Shares owned after transaction: The amended filing states the aggregate holdings were updated post-transaction, but the exact post-transaction total is not specified in the summary provided.
• Footnote: The PRSUs were originally granted on February 19, 2025 and were structured to vest in three equal annual installments beginning February 19, 2026, contingent on achieving performance goals for the period ended December 31, 2025.
• Filing amendment/late report: This is an amended Form 4 filed September 4, 2026 correcting an earlier Form 4 (filed Feb 20, 2026) that inadvertently omitted the PRSUs earned on Feb 19, 2026.

Context

• This was a compensation vesting event (performance RSUs), not an open market trade—so it reflects equity pay being delivered rather than a buy or sell decision.
• PRSUs are performance-contingent; the award reflects that performance goals for the relevant period were met (or otherwise satisfied per plan terms) for the portion that vested.
• Amended filings correct the public record; however, late amendments reduce the timeliness of disclosure available to investors.