John Gerard Higgins - 01 Mar 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
Issuer symbol
PEGA
Transactions as of
01 Mar 2023
Net transactions value
-$110,663
Form type
4
Filing time
03 Mar 2023, 17:10:29 UTC
Previous filing
05 Dec 2022
Next filing
09 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +2,057 +90% $0.000000 4,355 01 Mar 2023 Direct F1
transaction PEGA Common stock Tax liability $53,244 -1,148 -26% $46.38 3,207 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +1,294 +40% $0.000000 4,501 01 Mar 2023 Direct F2
transaction PEGA Common stock Tax liability $33,533 -723 -16% $46.38 3,778 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +460 +12% $0.000000 4,238 01 Mar 2023 Direct F3
transaction PEGA Common stock Tax liability $11,920 -257 -6.1% $46.38 3,981 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +2.3% $0.000000 4,073 01 Mar 2023 Direct F4
transaction PEGA Common stock Tax liability $2,412 -52 -1.3% $46.38 4,021 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +369 +9.2% $0.000000 4,390 01 Mar 2023 Direct F5
transaction PEGA Common stock Tax liability $9,554 -206 -4.7% $46.38 4,184 01 Mar 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 -2,057 -20% $0.000000 8,228 01 Mar 2023 Common stock 2,057 $0.000000 Direct F1, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -1,294 -100% $0.000000* 0 01 Mar 2023 Common stock 1,294 $0.000000 Direct F2, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -460 -7.7% $0.000000 5,520 01 Mar 2023 Common stock 460 $0.000000 Direct F3, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -7.7% $0.000000 1,105 01 Mar 2023 Common stock 92 $0.000000 Direct F4, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -369 -20% $0.000000 1,475 01 Mar 2023 Common stock 369 $0.000000 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.