Blackbaud updates equity award retirement program for awards granted from 2026
On December 1, 2025, Blackbaud's board approved changes to its retirement program for annual long-term incentive equity awards granted on or after January 1, 2026. The changes raise the combined age and service threshold from 62 to 65, set a new minimum retirement age of 60, and allow performance-based awards with performance periods ending after retirement to remain eligible. Outstanding equity awards are not affected.
Key points
- Combined age and continuous service minimum for eligibility rises from 62 to 65.
- New minimum retirement age of 60 applies; at least five years of continuous service is required.
- Employees must give at least six months' written notice of retirement.
- Changes apply only to annual LTI equity awards granted on or after January 1, 2026; existing awards are unaffected.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 05, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.