Form 4 for PEGA PEGASYSTEMS INC
Accepted 2024-03-11 00:00:00 ET · period of report 2024-03-07 · accession 0001013857-24-000065 · 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 | 2024-03-11 | 2024-03-07 | PEGA | Akgonul Rifat Kerim | Chief Product Off | F - Tax | $63.37 | -2,325 | 57.7K | -4% | -$147.3K |
| DM | 2024-03-11 | 2024-03-07 | PEGA | Akgonul Rifat Kerim | Chief Product Off | M - OptEx | $0.00 | +7,927 | 59.0K | +16% | $0 |
| DM | 2024-03-11 | 2024-03-07 | PEGA | Akgonul Rifat Kerim | Chief Product Off | M - OptEx | $0.00 | -7,927 | 0 | -100% | $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 | 2024-03-07 | F | D | 990 | $63.37 | 54,453 | D | — | — | (F2) Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). |
| 2 | Common | Common stock | 2024-03-07 | M | A | 3,370 | $0.00 | 55,443 | D | — | — | (F1) Represents 100% vesting on March 7, 2024. The original grant was 3,370 restricted stock units, which were granted on March 7, 2023. As part of the Company's 2023 Corporate Incentive Compensation Plan (CICP), Mr. Akgonul elected to receive half of his annual bonus in RSUs. |
| 3 | Common | Common stock | 2024-03-07 | F | D | 1,335 | $63.37 | 57,675 | D | — | — | (F2) Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). (F4) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 4 | Common | Common stock | 2024-03-07 | M | A | 4,557 | $0.00 | 59,010 | D | — | — | (F3) Represents a 25% vesting on March 7, 2024. The original grant was 18,227 restricted stock units, with the remaining 75% vesting in equal quarterly installments over the remaining three years. |
| 5 | Derivative | Restricted Stock Units | 2024-03-07 | M | D | 4,557 | $0.00 | 13,670 | D | $0.00 · 2024-03-07 to — | 4,557 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 25% vesting on March 7, 2024. The original grant was 18,227 restricted stock units, with the remaining 75% vesting in equal quarterly installments over the remaining three years. (F6) Once vested, the shares of common stock are not subject to expiration. |
| 6 | Derivative | Restricted Stock Units | 2024-03-07 | M | D | 3,370 | $0.00 | 0 | D | $0.00 · 2024-03-07 to — | 3,370 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 7, 2024. The original grant was 3,370 restricted stock units, which were granted on March 7, 2023. As part of the Company's 2023 Corporate Incentive Compensation Plan (CICP), Mr. Akgonul elected to receive half of his annual bonus in RSUs. (F6) Once vested, the shares of common stock are not subject to expiration. |