---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-25-000060"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2025-12-22T23:59:59+00:00"
generated_at: "2026-05-16T12:23:50.023708+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001280058-25-000060
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2025-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000060/0001280058-25-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000060/blkb-20251217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-25-000060
- JSON: https://secwatch.observer/filing/0001280058-25-000060.json
- Plain text: https://secwatch.observer/filing/0001280058-25-000060.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.