Form 4 for PEGA PEGASYSTEMS INC
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001013857-22-000049 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-03 | 2022-03-02+ | PEGA | STILLWELL KENNETH | COO, CFO | F - Tax | $85.49 | -1,163 | 9,782 | -11% | -$99.4K |
| DM | 2022-03-03 | 2022-03-02+ | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | +4,598 | 10.4K | +79% | $0 |
| DM | 2022-03-03 | 2022-03-01 | PEGA | STILLWELL KENNETH | COO, CFO | A - Grant | $0.00 | +99.7K | 2,311 | New | $0 |
| DM | 2022-03-03 | 2022-03-02+ | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | -4,598 | 8,359 | -35% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock | 2022-03-02 | F | D | 35 | $85.40 | 6,981 | D | — | — | |
| 2 | Common | Common stock | 2022-03-03 | M | A | 696 | $0.00 | 10,478 | D | — | — | (F4) Represents a 5% vesting on March 3, 2022. The original grant was 13,931 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 3 | Common | Common stock | 2022-03-02 | M | A | 143 | $0.00 | 7,016 | D | — | — | (F1) Represents a 5% vesting on March 2, 2022. The original grant was 2,841 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 4 | Common | Common stock | 2022-03-03 | F | D | 170 | $85.99 | 10,308 | D | — | — | (F5) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 5 | Common | Common stock | 2022-03-02 | M | A | 1,454 | $0.00 | 8,435 | D | — | — | (F2) Represents 100% vesting on March 2, 2022. The original grant was 1,454 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Stillwell elected to receive half of his annual bonus in RSUs. |
| 6 | Common | Common stock | 2022-03-02 | F | D | 355 | $85.40 | 8,080 | D | — | — | |
| 7 | Common | Common stock | 2022-03-02 | M | A | 2,305 | $0.00 | 10,385 | D | — | — | (F3) Represents a 20% vesting on March 2, 2022. The original grant was 11,527 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 8 | Common | Common stock | 2022-03-02 | F | D | 603 | $85.40 | 9,782 | D | — | — | |
| 9 | Derivative | Restricted Stock Units | 2022-03-01 | A | A | 23,508 | $0.00 | 23,508 | D | $0.00 · 2023-03-01 to — | 23,508 Common stock | (F6) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F9) RSUs will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years. (F8) Once vested, the shares of common stock are not subject to expiration. |
| 10 | Derivative | Stock Options | 2022-03-01 | A | A | 73,856 | $0.00 | 73,856 | D | $85.40 · 2023-03-01 to 2032-03-01 | 73,856 Common stock | (F10) Options will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 11 | Derivative | Restricted Stock Units | 2022-03-01 | A | A | 2,311 | $0.00 | 2,311 | D | $0.00 · 2023-03-01 to — | 2,311 Common stock | (F6) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F7) Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 1, 2022. All RSUs vest 100% on March 1, 2023, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2022. (F8) Once vested, the shares of common stock are not subject to expiration. |
| 12 | Derivative | Restricted Stock Units | 2022-03-02 | M | D | 143 | $0.00 | 0 | D | $0.00 · 2018-03-02 to — | 143 Common stock | (F6) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F1) Represents a 5% vesting on March 2, 2022. The original grant was 2,841 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining four years. (F8) Once vested, the shares of common stock are not subject to expiration. |
| 13 | Derivative | Restricted Stock Units | 2022-03-02 | M | D | 1,454 | $0.00 | 0 | D | $0.00 · 2022-03-02 to — | 1,454 Common stock | (F6) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F2) Represents 100% vesting on March 2, 2022. The original grant was 1,454 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Stillwell elected to receive half of his annual bonus in RSUs. (F8) Once vested, the shares of common stock are not subject to expiration. |
| 14 | Derivative | Restricted Stock Units | 2022-03-02 | M | D | 2,305 | $0.00 | 9,222 | D | $0.00 · 2022-03-02 to — | 2,305 Common stock | (F6) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F3) Represents a 20% vesting on March 2, 2022. The original grant was 11,527 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years. (F8) Once vested, the shares of common stock are not subject to expiration. |
| 15 | Derivative | Restricted Stock Units | 2022-03-03 | M | D | 696 | $0.00 | 8,359 | D | $0.00 · 2021-03-03 to — | 696 Common stock | (F6) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F4) Represents a 5% vesting on March 3, 2022. The original grant was 13,931 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years. (F8) Once vested, the shares of common stock are not subject to expiration. |