Kenneth Stillwell - 01 Mar 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
01 Mar 2023
Net transactions value
-$97,454
Form type
4
Filing time
03 Mar 2023, 17:35:59 UTC
Previous filing
06 Dec 2022
Next filing
08 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 +4,702 +30% $0.000000 20,482 01 Mar 2023 Direct F1
transaction PEGA Common stock Tax liability $57,001 -1,229 -6% $46.38 19,253 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +2,311 +12% $0.000000 21,564 01 Mar 2023 Direct F2
transaction PEGA Common stock Tax liability $26,112 -563 -2.6% $46.38 21,001 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +577 +2.7% $0.000000 21,578 02 Mar 2023 Direct F3
transaction PEGA Common stock Tax liability $6,490 -141 -0.65% $46.03 21,437 02 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +697 +3.3% $0.000000 22,134 03 Mar 2023 Direct F4
transaction PEGA Common stock Tax liability $7,851 -170 -0.77% $46.18 21,964 03 Mar 2023 Direct F5

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 -4,702 -20% $0.000000 18,806 01 Mar 2023 Common stock 4,702 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -2,311 -100% $0.000000* 0 01 Mar 2023 Common stock 2,311 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -577 -7.7% $0.000000 6,916 02 Mar 2023 Common stock 577 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -697 -11% $0.000000 5,572 03 Mar 2023 Common stock 697 $0.000000 Direct F4, F6, F7
* 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 23,508 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
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.
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.
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.
F5 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 Once vested, the shares of common stock are not subject to expiration.