Blackbaud CEO Michael Gianoni signs amended employment agreement through 2027
Blackbaud entered into an amended and restated employment agreement with CEO and President Michael Gianoni, dated December 17, 2025, under which he continues in both roles and on the Board. The initial term runs from January 1, 2026 to December 31, 2027, with optional one-year renewals, and the agreement sets out his pay, annual equity awards and severance terms. The filing does not report a change in leadership, but it defines the compensation and severance Gianoni could receive, which shareholders may track.
Key points
- Base salary remains $800,000 per year, subject to annual increases at the Board's discretion.
- Annual equity bonus target is 100% of base salary, with a payout range of zero to 200% of target.
- The Company may grant an annual equity award with a target value of $6 million to $12 million, with a payout range of zero to 250% of target.
- Severance on termination without cause or for good reason includes 24 months of base salary, subject to a release of claims.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing 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 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.