Form 4 for PEGA PEGASYSTEMS INC
Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001013857-23-000033 · 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 | 2023-03-03 | 2023-03-01+ | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | +8,287 | 20.5K | +68% | $0 |
| DM | 2023-03-03 | 2023-03-01+ | PEGA | STILLWELL KENNETH | COO, CFO | F - Tax | $46.34 | -2,103 | 21.4K | -9% | -$97.5K |
| DM | 2023-03-03 | 2023-03-01+ | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | -8,287 | 5,572 | -60% | $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 | 2023-03-03 | M | A | 697 | $0.00 | 22,134 | D | — | — | (F4) Represents a 5% vesting on March 3, 2023. 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. |
| 2 | Common | Common stock | 2023-03-02 | M | A | 577 | $0.00 | 21,578 | D | — | — | (F3) Represents a 5% vesting on March 2, 2023. The original grant was 11,527 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 3 | Common | Common stock | 2023-03-01 | F | D | 563 | $46.38 | 21,001 | D | — | — | |
| 4 | Common | Common stock | 2023-03-01 | M | A | 2,311 | $0.00 | 21,564 | D | — | — | (F2) Represents 100% vesting on March 1, 2023. The original grant was 2,311 restricted stock units, which were granted on March 1, 2022. As part of the Company's 2022 Corporate Incentive Compensation Plan (CICP), Mr. Stillwell elected to receive half of his annual bonus in RSUs. |
| 5 | Common | Common stock | 2023-03-01 | F | D | 1,229 | $46.38 | 19,253 | D | — | — | |
| 6 | Common | Common stock | 2023-03-01 | M | A | 4,702 | $0.00 | 20,482 | D | — | — | (F1) Represents a 20% vesting on March 1, 2023. The original grant was 23,508 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 7 | Common | Common stock | 2023-03-03 | F | D | 170 | $46.18 | 21,964 | D | — | — | (F5) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 8 | Common | Common stock | 2023-03-02 | F | D | 141 | $46.03 | 21,437 | D | — | — | |
| 9 | Derivative | Restricted Stock Units | 2023-03-01 | M | D | 2,311 | $0.00 | 0 | 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. (F2) Represents 100% vesting on March 1, 2023. The original grant was 2,311 restricted stock units, which were granted on March 1, 2022. As part of the Company's 2022 Corporate Incentive Compensation Plan (CICP), Mr. Stillwell elected to receive half of his annual bonus in RSUs. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 10 | Derivative | Restricted Stock Units | 2023-03-02 | M | D | 577 | $0.00 | 6,916 | D | $0.00 · 2022-03-02 to — | 577 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 5% vesting on March 2, 2023. The original grant was 11,527 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 11 | Derivative | Restricted Stock Units | 2023-03-01 | M | D | 4,702 | $0.00 | 18,806 | D | $0.00 · 2023-03-01 to — | 4,702 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 20% vesting on March 1, 2023. The original grant was 23,508 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 12 | Derivative | Restricted Stock Units | 2023-03-03 | M | D | 697 | $0.00 | 5,572 | D | $0.00 · 2021-03-03 to — | 697 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, 2023. 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. (F7) Once vested, the shares of common stock are not subject to expiration. |