Jarrett Loren bought PRGS
February 1, 2024 · Form 4 insider transaction
Jarrett Loren bought 17,489 shares of Progress Software Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
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.; Restricted stock units convert into common stock on a one-for-one basis.