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Blackbaud ( (BLKB) ) has shared an announcement.
On December 17, 2025, Blackbaud, Inc. entered into an amended and restated employment and noncompetition agreement with Chief Executive Officer and President Michael P. Gianoni, under which he will continue as CEO, president, and board member for an initial term running from January 1, 2026 through December 31, 2027, with potential one-year renewals. The agreement maintains his $800,000 base salary and establishes substantial equity-based compensation, including an annual performance-based equity bonus targeted at 100% of base salary and an additional annual equity grant with a target value of $6 million to $12 million, a significant portion of which may be tied to company performance and subject to multi‑year vesting. The contract sets detailed severance, vesting acceleration, and benefits protections for various termination scenarios, including termination without cause, resignation for good reason, change in control, death, disability, and nonrenewal, while also providing for continued post‑retirement vesting under the company’s long‑term incentive program in certain cases and imposing 12‑month post‑employment non‑compete and non‑solicitation restrictions. These terms reinforce leadership stability at Blackbaud and tightly link Gianoni’s long‑term compensation to company performance and shareholder value, while giving the board structured flexibility around succession and change‑in‑control situations.
The most recent analyst rating on (BLKB) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Blackbaud stock, see the BLKB Stock Forecast page.
Spark’s Take on BLKB Stock
According to Spark, TipRanks’ AI Analyst, BLKB is a Outperform.
Blackbaud’s overall stock score reflects strong financial performance and positive earnings call guidance, which are offset by high leverage and valuation concerns. The technical analysis suggests potential resistance, while corporate events positively impact shareholder value.
To see Spark’s full report on BLKB stock, click here.
More about Blackbaud
Blackbaud, Inc. is a software company that provides technology solutions, including cloud-based and equity-linked offerings, to support organizations’ operations and leadership teams, with a focus on long-term incentive structures for executives and alignment with shareholder interests.
Average Trading Volume: 335,514
Technical Sentiment Signal: Sell
Current Market Cap: $3.04B
See more data about BLKB stock on TipRanks’ Stock Analysis page.