Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2024-02-02 00:00:00 ET · period of report 2024-02-01 · accession 0000876167-24-000046 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-02 | 2024-02-01 | PRGS | Subramanian Sundar | EVP, GM Infrastructure Mgmt | M - OptEx | $0.00 | +17.5K | 31.4K | +125% | $0 |
| D | 2024-02-02 | 2024-02-01 | PRGS | Subramanian Sundar | EVP, GM Infrastructure Mgmt | F - Tax | $57.14 | -7,758 | 23.7K | -25% | -$443.3K |
| D | 2024-02-02 | 2024-02-01 | PRGS | Subramanian Sundar | EVP, GM Infrastructure Mgmt | M - OptEx | $0.00 | -17.5K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-01 | M | A | 17,489 | $0.00 | 31,431 | D | — | — | (F1) On January 19, 2021, the Reporting Person was granted 9,390 performance-based restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and 2019 Long Term Incentive Plan. Based on the Company meeting relative total shareholder return and cumulative operating income criteria over the three-year period ending November 30, 2023, the amount shown is the amount of performance-based restricted stock units that vested under the 2019 Long Term Incentive Plan on February 1, 2024. (F2) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2024-02-01 | F | D | 7,758 | $57.14 | 23,673 | D | — | — | (F3) Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 19, 2021. |
| 3 | Derivative | Restricted Stock Units | 2024-02-01 | M | D | 17,489 | $0.00 | 0 | D | — · — to — | 17,489 Common Stock | (F2) Restricted stock units convert into common stock on a one-for-one basis. (F1) On January 19, 2021, the Reporting Person was granted 9,390 performance-based restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and 2019 Long Term Incentive Plan. Based on the Company meeting relative total shareholder return and cumulative operating income criteria over the three-year period ending November 30, 2023, the amount shown is the amount of performance-based restricted stock units that vested under the 2019 Long Term Incentive Plan on February 1, 2024. |