Form 4: Alan Trefler, CEO of Pegasystems, Reports Changes in Beneficial Ownership
SEC Filing Form 4
Alan Trefler, CEO and Chairman of Pegasystems, filed a Form 4 detailing changes in his beneficial ownership of the company's stock, including the acquisition of stock options.
Summary
- Alan Trefler, the CEO and Chairman of Pegasystems, filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of Pegasystems stock.
- Trefler directly owns 17,279,114 shares of common stock.
- He also indirectly owns shares through several grantor retained annuity trusts and an irrevocable non-GST trust.
- Trefler acquired 225,009 stock options with an exercise price of $77.63 on March 4, 2025.
- These options vest 25% on March 4, 2026, and the remaining 75% vest quarterly over the following three years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's ownership and compensation.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of earliest transaction and acquisition of stock options. |
| 03/04/2026 | 25% of the acquired stock options vest. |
| 03/04/2035 | Expiration date of the acquired stock options. |
| 03/06/2025 | Date of the Form 4 filing. |
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