Form 4 for PEGA PEGASYSTEMS INC
Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0001013857-22-000053 · 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 | PYLE MICHAEL R | Chief Technology Strategist | M - OptEx | $0.00 | +2,965 | 8,489 | +54% | $0 |
| DM | 2022-03-03 | 2022-03-02+ | PEGA | PYLE MICHAEL R | Chief Technology Strategist | F - Tax | $85.61 | -919 | 8,665 | -10% | -$78.7K |
| DM | 2022-03-03 | 2022-03-01 | PEGA | PYLE MICHAEL R | Chief Technology Strategist | A - Grant | $0.00 | +7,516 | 5,860 | New | $0 |
| DM | 2022-03-03 | 2022-03-02+ | PEGA | PYLE MICHAEL R | Chief Technology Strategist | M - OptEx | $0.00 | -2,965 | 1,536 | -66% | $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 | M | A | 768 | $0.00 | 8,886 | D | — | — | (F2) Represents a one-third vesting on March 2, 2022. The original grant was 2,304 restricted stock units. The remaining two-thirds will vest in equal installments on March 2, 2023 and March 2, 2024. |
| 2 | Common | Common stock | 2022-03-03 | M | A | 1,113 | $0.00 | 9,778 | D | — | — | (F3) Represents a one-third vesting on March 3, 2022. The original grant was 3,341 restricted stock units. The remaining third will vest on March 3, 2023. |
| 3 | Common | Common stock | 2022-03-03 | F | D | 327 | $85.99 | 9,451 | D | — | — | (F4) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 4 | Common | Common stock | 2022-03-02 | F | D | 371 | $85.40 | 8,118 | D | — | — | |
| 5 | Common | Common stock | 2022-03-02 | M | A | 1,084 | $0.00 | 8,489 | D | — | — | (F1) Represents 100% vesting on March 2, 2022. The original grant was 1,084 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Pyle elected to receive half of his annual bonus in RSUs. |
| 6 | Common | Common stock | 2022-03-02 | F | D | 221 | $85.40 | 8,665 | D | — | — | |
| 7 | Derivative | Restricted Stock Units | 2022-03-01 | A | A | 1,656 | $0.00 | 1,656 | D | $0.00 · 2023-03-01 to — | 1,656 Common stock | (F8) 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. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 8 | Derivative | Restricted Stock Units | 2022-03-03 | M | D | 1,113 | $0.00 | 1,115 | D | $0.00 · 2021-03-03 to — | 1,113 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F3) Represents a one-third vesting on March 3, 2022. The original grant was 3,341 restricted stock units. The remaining third will vest on March 3, 2023. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 9 | Derivative | Restricted Stock Units | 2022-03-01 | A | A | 5,860 | $0.00 | 5,860 | D | $0.00 · 2022-06-01 to — | 5,860 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F6) RSUs will vest 25% on June 1, 2022, with the remaining 75% vesting in equal quarterly installments over the following year. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 10 | Derivative | Restricted Stock Units | 2022-03-02 | M | D | 1,084 | $0.00 | 0 | D | $0.00 · 2022-03-02 to — | 1,084 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F1) Represents 100% vesting on March 2, 2022. The original grant was 1,084 restricted stock units, which were granted on March 2, 2021. As part of the Company's 2021 Corporate Incentive Compensation Plan (CICP), Mr. Pyle elected to receive half of his annual bonus in RSUs. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 11 | Derivative | Restricted Stock Units | 2022-03-02 | M | D | 768 | $0.00 | 1,536 | D | $0.00 · 2022-03-02 to — | 768 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F2) Represents a one-third vesting on March 2, 2022. The original grant was 2,304 restricted stock units. The remaining two-thirds will vest in equal installments on March 2, 2023 and March 2, 2024. (F7) Once vested, the shares of common stock are not subject to expiration. |