Gregoire Kevin P. 4

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).