Blackbaud enters new CEO employment agreement with Gianoni through 2027; base salary $800k, annual equity target $6-12M

BLACKBAUD INC

Term Jan 1, 2026 to Dec 31, 2027 with Board option to renew for one-year terms.
Base salary unchanged at $800k; annual equity bonus target 100% of base salary (0-200% range).
Annual equity grant target value $6M-$12M (0-250% range), 1/3 vesting on each anniversary.
Severance on without-cause/good-reason termination: 24 months base salary, 12-month accelerated vesting of time-based awards.
Change-in-control severance includes accelerated full vesting of all equity and COBRA for 12 months.

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