Form 4: Leon Trefler, Chief of Clients and Markets at Pegasystems, Reports Stock Transactions

Leon Trefler, Chief of Clients and Markets at Pegasystems, filed a Form 4 detailing the vesting and subsequent tax withholding related to restricted stock units.

Summary

• On September 9, 2024, Leon Trefler, Chief of Clients and Markets at Pegasystems, reported transactions involving Pegasystems common stock.
• 1,329 restricted stock units vested, representing 5% of the original grant, with a release date of September 9, 2024.
• 523 shares were tendered to the issuer to satisfy tax withholding obligations at a price of $68.59 per share.
• Following these transactions, Trefler directly owns 39,140 shares of Pegasystems common stock, excluding unvested restricted stock units and/or options awards.
• The original grant was for 21,264 restricted stock units, with 25% vesting on March 7, 2024, and the remaining 75% vesting in equal quarterly installments over the remaining three years.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal.

Key Dates