Gregoire Kevin P. 4
4 · BLACKBAUD INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Blackbaud (BLKB) COO Kevin P. Gregoire Receives Award; Forfeits 7,498 Shares
What Happened
- Kevin P. Gregoire, Chief Operating Officer of Blackbaud (BLKB), had equity awards vest and new restricted stock granted. On Feb 13, 2026 he was credited 5,276 shares (award A) upon vesting of PRSUs; on Feb 17, 2026 he was granted 32,040 restricted shares (award A). To satisfy tax liabilities tied to vesting, 7,498 shares were forfeited to the issuer on Feb 17, 2026 (three F-code transactions) at $49.08 per share, totaling approximately $368,002. These were withholding/forfeitures, not open-market sales.
Key Details
- Transaction dates and prices:
- 2026-02-13: Award of 5,276 shares (A) at $0.00.
- 2026-02-17: Withholding forfeitures of 1,770 / 2,393 / 3,335 shares (F) at $49.08 each (total 7,498 shares; ~$368,002).
- 2026-02-17: Award of 32,040 restricted shares (A) at $0.00.
- Shares owned after transaction: Not stated in the filing provided.
- Footnotes / notable items:
- F1: Portion of PRSUs granted Feb 13, 2023 vested in full on Feb 13, 2026 based on performance (subject to continued employment).
- F2/F3: The F transactions represent shares forfeited to the issuer to satisfy tax liabilities upon vesting (i.e., tax withholding).
- F4: The 32,040 restricted stock award vests in three equal annual installments beginning Feb 17, 2027 (subject to continued employment).
- Filing timeliness: Report filed Feb 18, 2026. The filing does not indicate a late report.
Context
- The F-coded disposals are tax withholding/forfeitures — a common administrative action when restricted stock or PRSUs vest — and should not be read as an open-market sale signaling sentiment. The A-coded entries are awards/grants (no cash paid). The PRSU vesting here was performance-based (granted 2023, vested 2026).
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Gregoire Kevin P.
EVP, Chief Operating Officer
Transactions
- Award
Common Stock
[F1]2026-02-13+5,276→ 115,261 total - Tax Payment
Common Stock
[F2]2026-02-17$49.08/sh−1,770$86,872→ 113,491 total - Tax Payment
Common Stock
[F2]2026-02-17$49.08/sh−2,393$117,448→ 111,098 total - Tax Payment
Common Stock
[F3]2026-02-17$49.08/sh−3,335$163,682→ 107,763 total - Award
Common Stock
[F4]2026-02-17+32,040→ 139,803 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 a restricted stock award which vests 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