John Gerard Higgins - Mar 5, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Signature
/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins
Stock symbol
PEGA
Transactions as of
Mar 5, 2024
Transactions value $
$0
Form type
4
Date filed
3/7/2024, 06:13 PM
Previous filing
Mar 5, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PEGA Common stock 6.9K Mar 5, 2024 Direct F1

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 Award $0 +2.23K $0.00 2.23K Mar 5, 2024 Common stock 2.23K $0.00 Direct F2, F3
transaction PEGA Restricted Stock Units Award $0 +17.6K $0.00 17.6K Mar 5, 2024 Common stock 17.6K $0.00 Direct F3, F4, F5
transaction PEGA Stock Options Award $0 +35.2K $0.00 35.2K Mar 5, 2024 Common stock 35.2K $62.10 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F2 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 5, 2024. All RSUs vest 100% on March 5, 2025, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2024.
F3 Once vested, the shares of common stock are not subject to expiration.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 RSUs will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
F6 Options will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.