Form 4: Pegasystems CEO Alan Trefler Reports Stock Transactions
SEC Form 4 Filing
Alan Trefler, CEO and Chairman of Pegasystems, reports transactions involving common stock and restricted stock units.
Summary
- Alan Trefler, the CEO and Chairman of Pegasystems, filed a Form 4 detailing changes in beneficial ownership.
- The transactions include the vesting of restricted stock units and the subsequent tendering of shares to cover tax obligations.
- On September 3, 2024, 1,249 restricted stock units vested, and 496 shares were tendered to cover taxes at a price of $70.88.
- Additionally, 1,393 restricted stock units vested, and 674 shares were tendered for taxes at the same price.
- Trefler's total direct holdings after these transactions amount to 24,727,532 shares of common stock.
- He also has indirect ownership through grantor retained annuity trusts.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions reported may have a minor impact on the overall shareholding structure of Pegasystems.
Key Dates
| Date | Description |
|---|---|
| 03/03/2021 | Date of original grant for 27,862 restricted stock units, with 20% vesting on this date and the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 03/02/2022 | Date of original grant for 24,976 restricted stock units, with 20% vesting on this date and the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 09/03/2024 | Date of transactions: vesting of restricted stock units and tendering of shares for tax obligations. |
| 09/04/2024 | Date of signature for the Form 4 filing. |
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