Gregoire Kevin P. 4
4 · BLACKBAUD INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Blackbaud (BLKB) COO Kevin P. Gregoire Receives Awards, Forfeits Shares
What Happened
- Kevin P. Gregoire, Chief Operating Officer of Blackbaud (BLKB), had performance-based restricted stock units (PRSUs) vest. On Feb 18, 2026 he was granted/received 4,910 shares (A, $0.00) and on Feb 19, 2026 he was granted/received 3,699 shares (A, $0.00) reflecting vested PRSUs. To satisfy tax withholding obligations, a total of 8,709 shares were forfeited/used to pay taxes (coded F) in transactions on Feb 19–20, 2026 at prices between $49.32 and $49.51, resulting in share-withholding proceeds of $429,952 (sum of reported disposal amounts).
Key Details
- Transaction dates and amounts:
- Feb 18, 2026: Award of 4,910 PRSU shares (A) at $0.00.
- Feb 19, 2026: 2,227 shares forfeited (F) at $49.51 = $110,259; award of 3,699 PRSU shares (A) at $0.00.
- Feb 20, 2026: 1,678 shares forfeited (F) at $49.32 = $82,759; 1,602 shares forfeited (F) at $49.32 = $79,011; 3,202 shares forfeited (F) at $49.32 = $157,923.
- Total forfeited/withheld shares: 8,709; total value of those disposals reported: $429,952.
- Shares owned after the transactions: not specified in the supplied filing details.
- Relevant footnotes from the filing:
- F1/F3: PRSUs granted Feb 18, 2025 and a portion granted Feb 19, 2025 vested in full on the respective 2026 anniversaries based on performance and continued employment.
- F2/F4/F5: The reported disposals represent shares forfeited to Blackbaud to satisfy tax liabilities upon vesting (includes PRSUs and restricted stock).
- Filing timeliness: Form filed Feb 20, 2026 for vesting and withholding that occurred Feb 18–20, 2026; this appears to be a timely Form 4 filing.
Context
- These transactions reflect compensation vesting and routine tax-withholding (shares tendered/forfeited to the company), not open-market sales. When PRSUs vest, companies frequently withhold a portion of shares to cover taxes—this is coded as F (payment of exercise price or tax liability).
- Such forfeitures are common after vesting and do not necessarily indicate a personal decision to sell shares on the open market. Purchases by insiders are typically a stronger signal of bullish sentiment than compensation-related forfeitures.
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
Gregoire Kevin P.
EVP, Chief Operating Officer
Transactions
- Award
Common Stock
[F1]2026-02-18+4,910→ 144,713 total - Tax Payment
Common Stock
[F2]2026-02-19$49.51/sh−2,227$110,259→ 142,486 total - Award
Common Stock
[F3]2026-02-19+3,699→ 146,185 total - Tax Payment
Common Stock
[F4]2026-02-20$49.32/sh−1,678$82,759→ 144,507 total - Tax Payment
Common Stock
[F4]2026-02-20$49.32/sh−1,602$79,011→ 142,905 total - Tax Payment
Common Stock
[F5]2026-02-20$49.32/sh−3,202$157,923→ 139,703 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