Filing Details
- Accession Number:
- 0001013857-23-000055
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-09 17:57:04
- Reporting Period:
- 2023-03-07
- Accepted Time:
- 2023-03-09 17:57:04
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1013857 | Pegasystems Inc | PEGA | Services-Computer Processing & Data Preparation (7374) | 042787865 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1353196 | A Efstathios Kouninis | C/O Pegasystems Inc. One Main Street Cambridge MA 02142 | Vp Of Finance & Cao | No | Yes | No | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Disposition | 2023-03-09 | 500 | $47.76 | 2,110 | No | 4 | S | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Restricted Stock Units | Acquisiton | 2023-03-07 | 1,325 | $0.00 | 1,325 | $0.00 |
Common Stock | Restricted Stock Units | Acquisiton | 2023-03-07 | 2,660 | $0.00 | 2,660 | $0.00 |
Common Stock | Stock Options | Acquisiton | 2023-03-07 | 2,660 | $0.00 | 2,660 | $47.27 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
1,325 | 2024-03-07 | No | 4 | A | Direct | |
2,660 | 2024-03-07 | No | 4 | A | Direct | |
2,660 | 2024-03-07 | 2033-03-07 | No | 4 | A | Direct |
Footnotes
- Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
- Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- 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 7, 2023. All RSUs vest 100% on March 7, 2024, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2023.
- Once vested, the shares of common stock are not subject to expiration.
- RSUs will vest 25% on March 7, 2024, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
- Options will vest 25% on March 7, 2024, with the remaining 75% vesting in equal quarterly installments over the remaining three years, with all vesting subject to approval of the Pegasystems Inc. 2004 Long-Term Incentive Plan at the Company's 2023 annual meeting of shareholders.