Form 4: Alan Trefler, CEO of Pegasystems, Reports Stock Transactions
SEC Form 4 Filing
Alan Trefler, CEO and Chairman of Pegasystems, reports transactions involving common stock and restricted stock units, including vesting and tax withholding.
Summary
- Alan Trefler, CEO and Chairman of Pegasystems, filed a Form 4 detailing changes in beneficial ownership.
- On March 3, 2025, Trefler vested in 1,249 restricted stock units and 1,393 restricted stock units.
- He also disposed of 405 and 409 shares of common stock to satisfy tax withholding obligations at a price of $78.51 per share.
- Following these transactions, Trefler directly owns 17,279,114 shares of Pegasystems common stock.
- He also indirectly owns shares through various grantor retained annuity trusts and an irrevocable non-GST trust.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The transactions are part of standard executive compensation.
Positives
- The vesting of restricted stock units indicates continued alignment of the CEO's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and major shareholders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect routine compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/02/2022 | 20% vesting date for original grant of 24,976 restricted stock units. |
| 03/03/2021 | 20% vesting date for original grant of 27,862 restricted stock units. |
| 03/03/2025 | Date of restricted stock unit vesting and stock disposal for tax withholding. |
| 03/04/2025 | Date of Form 4 filing. |
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