Blackbaud updates LTI equity retirement program, raising age/service requirement to 65

BLACKBAUD INC

Minimum combined age and years of service increased from 62 to 65 for equity award eligibility.
New minimum retirement age of 60; at least 5 years continuous service required.
Performance-based LTI awards now also eligible for post-retirement vesting.
Changes apply only to annual LTI grants on or after January 1, 2026; outstanding awards unaffected.

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