Blackbaud Gives Special Stock Award to Employees WorldwideMichael Terry / Blackbaud
Blackbaud, Inc. (NASDAQ: BLKB), the world's leading cloud software company powering social good, today announced plans to provide a one-time stock award for eligible employees, equivalent to approximately $2,000 (USD).
On the heels of its 2017 fourth quarter and full year earnings announcement, the company said that, based on business performance, outlook and a recent change to federal tax law, it will give a one-time stock award to all full-time employees who do not receive equity as part of the annual Corporate Employee Stock Award Program.
Blackbaud, who was recently named one of Fortune's 56 Companies Changing the World, Forbes' Best Employers for Diversity, Forbes' Most Innovative Growth Companies and Forbes' America's Best Midsize Employers for two consecutive years, and recognized with many other regional and national accolades for its performance and workplace culture, says today's announcement is part of an ongoing commitment to making the Charleston, South Carolina-based tech company the best place to work with the most competitive and compelling benefits in the industry. Blackbaud has approximately 3200 employees in offices around the world.
"We make unmatched investments in R&D so our customers can achieve their most ambitious goals, but it is our people who are the secret sauce behind everything good we do," said Mike Gianoni, president and CEO of Blackbaud. "They volunteer over 100,000 hours to causes annually, they go above and beyond to pitch in as an extended member of our customers' teams; they do whatever it takes to help our customers advance global good because they are deeply motivated by the idea that good truly can take over the world. After another strong year of performance with record-level customer satisfaction, it seemed fitting to celebrate our people and make another investment back in them, by ensuring that as owners, they are all participants in our company's and customers' success."
Blackbaud says the awards will be issued on February 28, 2018 and will vest one year later. For more information about Blackbaud, visit www.blackbaud.com.