Form 4: Pega Systems VP of Finance Reports Stock Vesting and Tax Withholding
SEC Form 4 Filing
Efstathios A. Kouninis, VP of Finance & CAO at Pega Systems, reports stock vesting and shares tendered for tax obligations.
Summary
- On June 7, 2024, Efstathios A. Kouninis, VP of Finance & CAO at Pegasystems Inc., had 166 restricted stock units vest.
- 41 shares of common stock were tendered to the issuer to satisfy tax withholding obligations at a price of $58.25 per share.
- Following these transactions, Kouninis directly owns 1,502 shares of common stock.
- Kouninis also holds 1,829 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine insider transaction report, indicating standard compensation practices. It doesn't inherently suggest positive or negative sentiment.
Future Outlook
The remaining 75% of the original grant of 2,660 restricted stock units will vest in equal quarterly installments over the remaining three years.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders trade their company's stock. This provides transparency to the market.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | 25% of the original grant of 2,660 restricted stock units vested. |
| 06/07/2024 | 166 restricted stock units vested, and shares were tendered for tax withholding. |
| 06/11/2024 | Date of the report signature. |
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