John Gerard Higgins - Mar 1, 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief, Client &Partner Success
Signature
s/ Jenna L. Burstyn, Attorney-in-Fact for John Gerard Higgins
Stock symbol
PEGA
Transactions as of
Mar 1, 2023
Transactions value $
-$110,663
Form type
4
Date filed
3/3/2023, 05:10 PM
Previous filing
Dec 5, 2022
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +2.06K +89.51% $0.00 4.36K Mar 1, 2023 Direct F1
transaction PEGA Common stock Tax liability -$53.2K -1.15K -26.36% $46.38 3.21K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +1.29K +40.35% $0.00 4.5K Mar 1, 2023 Direct F2
transaction PEGA Common stock Tax liability -$33.5K -723 -16.06% $46.38 3.78K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +460 +12.18% $0.00 4.24K Mar 1, 2023 Direct F3
transaction PEGA Common stock Tax liability -$11.9K -257 -6.06% $46.38 3.98K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +2.31% $0.00 4.07K Mar 1, 2023 Direct F4
transaction PEGA Common stock Tax liability -$2.41K -52 -1.28% $46.38 4.02K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +369 +9.18% $0.00 4.39K Mar 1, 2023 Direct F5
transaction PEGA Common stock Tax liability -$9.55K -206 -4.69% $46.38 4.18K Mar 1, 2023 Direct F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PEGA Restricted Stock Units Options Exercise $0 -2.06K -20% $0.00 8.23K Mar 1, 2023 Common stock 2.06K $0.00 Direct F1, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -1.29K -100% $0.00* 0 Mar 1, 2023 Common stock 1.29K $0.00 Direct F2, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -460 -7.69% $0.00 5.52K Mar 1, 2023 Common stock 460 $0.00 Direct F3, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -7.69% $0.00 1.11K Mar 1, 2023 Common stock 92 $0.00 Direct F4, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -369 -20.01% $0.00 1.48K Mar 1, 2023 Common stock 369 $0.00 Direct F5, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a 20% vesting on March 1, 2023. The original grant was 10,285 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years.
F2 Represents 100% vesting on March 1, 2023. The original grant was 1,294 restricted stock units, which were granted on March 1, 2022. As part of the Company's 2022 Corporate Incentive Compensation Plan (CICP), Mr. Higgins elected to receive half of his annual bonus in RSUs.
F3 Represents a 5% vesting on March 1, 2023. The original grant was 9,207 restricted stock units with 5% vesting on June 1, 2021, with the remaining 95% vesting in 5% quarterly installments.
F4 Represents a 5% vesting on March 1, 2023. The original grant was 1,842 restricted stock units with 20% vesting on March 1, 2022 with the remaining 80% vesting in 5% equal quarterly installments over the remaining four years.
F5 Represents a 20% vesting on March 1, 2023. The original grant was 1,844 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years.
F6 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F7 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F8 Once vested, the shares of common stock are not subject to expiration.