Progress Software (PRGS) EVP converts RSUs, withholds 1,795 shares for taxes – Stock Titan

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Progress Software executive John Ainsworth reported routine equity compensation activity involving restricted stock units that convert into common stock on a one-for-one basis. On April 1, 2026, multiple RSU tranches vested and were exercised into common shares.
The filing shows a total of 4,044 restricted stock units exercised into common stock and 1,795 common shares withheld by the company at $24.96 per share to cover tax obligations tied to the RSU vesting. These F-code transactions are tax-withholding dispositions, not open-market sales.
After these transactions, Ainsworth directly holds 58,124 shares of Progress Software common stock. Footnotes explain that prior RSU awards of 7,003, 7,004, and 10,255 units vest in six equal semiannual installments beginning on specific future dates, contingent on continued employment.
Source: View Original Filing on SEC EDGAR
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