Form 4: PEGA Executive Trades Common Stock
Statement of Changes in Beneficial Ownership
Kenneth Stillwell, COO and CFO of Pegasystems Inc., reported transactions involving the acquisition and disposition of company common stock.
Summary
- Kenneth Stillwell, COO and CFO of Pegasystems Inc., engaged in several transactions on June 7, 2026.
- He acquired 5,222 shares of common stock for $0, indicating these were likely part of an award or grant.
- He also disposed of 2,055 shares of common stock at a price of $34.71 per share.
- Following these transactions, Stillwell beneficially owns 117,752 shares of common stock directly.
- Additionally, he has indirect beneficial ownership of 1,908 shares through his children.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents routine insider transactions related to compensation and potential diversification, rather than significant strategic shifts or performance indicators.
Positives
- Acquisition of 5,222 shares of common stock at no cost, suggesting an equity award.
- Stillwell continues to hold a significant direct beneficial ownership of 117,752 shares.
Negatives
- Disposition of 2,055 shares of common stock at $34.71 per share, which could indicate a sale.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and provide transparency into executive stock dealings. The specific details of this transaction, including the acquisition of shares at $0 and the sale at $34.71, are typical for equity compensation plans and potential diversification strategies by executives.
Stakeholder Impact
- Shareholders: Increased transparency into executive stock ownership and potential selling activity.
- Employees: May observe executive compensation practices and stock holdings.
- Creditors: No direct impact indicated by this filing.
Next Steps
- Continued vesting of remaining restricted stock units over the next three years.
- Potential future transactions by Kenneth Stillwell as per his equity compensation plan and personal financial strategies.
Key Dates
| Date | Description |
|---|---|
| 06/07/2026 | Date of earliest transaction and transaction date for acquisition and disposition of common stock. |
| 03/07/2024 | Vesting date for a portion of restricted stock units. |
| 03/07/2027 | Final vesting date for restricted stock units. |
| 06/09/2026 | Date of filing for the Form 4. |
Keywords
Pegasystems Inc., PEGA, Form 4, Insider Trading, Stock Transaction, Common Stock, COO, CFO, Beneficial Ownership
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