Form 4: Pega Systems COO Kenneth Stillwell Reports Stock Transactions

Kenneth Stillwell, COO and CFO of Pega Systems, reports the vesting and release of restricted stock units and shares tendered for tax obligations.

Summary

• On September 9, 2024, Kenneth Stillwell, COO and CFO of Pega Systems, reported transactions involving the company's common stock.
• 2,610 restricted stock units vested and were released.
• 1,028 shares were tendered to the issuer to cover tax withholding obligations at a price of $68.59 per share.
• Following these transactions, Stillwell directly owns 18,262 shares of Pega Systems common stock, excluding unvested restricted stock units and/or options awards.
• The reported transactions were filed pursuant to Section 16(a) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: This is a routine filing reflecting standard executive compensation practices; neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation and tax-related stock movements.

Key Dates