Jarrett Loren bought PRGS
January 18, 2024 · Form 4 insider transaction
Jarrett Loren bought 11,673 shares of Progress Software Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.; Represents performance-based restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest on February 1, 2027, subject to the Company meeting total shareholder return and operating income criteria over the three-year period ending November 30, 2026, and the continued employment of the Reporting Person with the Company.