McDearis Kevin 4
4 · BLACKBAUD INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Blackbaud (BLKB) EVP Kevin McDearis Receives 35,449 Shares
What Happened
- Kevin McDearis, EVP & Chief Technology Officer of Blackbaud (BLKB), received awards totaling 35,449 shares (4,299 on Feb 13, 2026 and 31,150 on Feb 17, 2026) reported as acquisitions (awards) at $0.00 per share.
- On Feb 17, 2026 a total of 6,135 shares were forfeited/withheld to satisfy tax liabilities (three withholding transactions of 1,468; 1,950; and 2,717 shares) at $49.08 per share, representing approximately $301,105 in tax withholding proceeds.
- These transactions reflect awards and routine tax withholding on vested restricted/performance shares—not an open-market sale by the insider.
Key Details
- Transaction dates/prices: Feb 13, 2026 (4,299 shares awarded at $0.00); Feb 17, 2026 (31,150 shares awarded at $0.00); Feb 17, 2026 (withholdings: 1,468 / 1,950 / 2,717 shares at $49.08).
- Shares acquired (awarded): 35,449; shares withheld/forfeited for taxes: 6,135 (cash value ≈ $301,105).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes: F1 indicates PRSUs granted Feb 13, 2023 vested in full on Feb 13, 2026 based on performance and continued employment; F2/F3 confirm the withheld shares were surrendered to the issuer to satisfy tax liabilities on vested PRSUs/restricted stock; F4 notes a restricted stock award that vests in three equal annual installments beginning Feb 17, 2027, subject to continued employment.
- Filing timeliness: The Form 4 was filed Feb 18, 2026 for events on Feb 13–17, 2026 (appears to be filed five days after the Feb 13 vesting date). Form 4s are typically due within two business days of the reportable transaction.
Context
- This was a vesting/award event (performance restricted stock units and restricted stock) with standard tax-withholding via share forfeiture — common practice when awards vest and taxes are paid by withholding shares. No open-market purchases or voluntary sales by the insider are reported here.
- Such awards reflect compensation/vesting outcomes rather than a direct buy/sell signal; tax-withholding transactions (code F) are routine and do not necessarily indicate insider sentiment about the stock.
Insider Transaction Report
Form 4
BLACKBAUD INCBLKB
McDearis Kevin
EVP & Chief Technology Officer
Transactions
- Award
Common Stock
[F1]2026-02-13+4,299→ 79,104 total - Tax Payment
Common Stock
[F2]2026-02-17$49.08/sh−1,468$72,049→ 77,636 total - Tax Payment
Common Stock
[F2]2026-02-17$49.08/sh−1,950$95,706→ 75,686 total - Tax Payment
Common Stock
[F3]2026-02-17$49.08/sh−2,717$133,350→ 72,969 total - Award
Common Stock
[F4]2026-02-17+31,150→ 104,119 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