Form 4: Pegasystems CEO Alan Trefler Reports Stock Transactions

Alan Trefler, CEO and Chairman of Pegasystems, reports transactions involving common stock and restricted stock units.

Summary

• Alan Trefler, 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 tendering of shares to cover tax obligations.
• On June 3, 2024, 1,248 restricted stock units vested, and 367 shares were tendered for tax withholding at a price of $57.46.
• Additionally, 1,393 restricted stock units vested on the same day, with 409 shares tendered for tax withholding at $57.46.
• Following these transactions, Trefler directly owns 24,726,060 shares of Pegasystems common stock.
• Trefler also indirectly owns 4,257,521 shares through the Alan N. Trefler Grantor Retained Annuity Trust I of 2022, 7,500,000 shares through the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, and 3,242,479 shares through the Alan N. Trefler Grantor Retained Annuity Trust II of 2023.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock ownership and trading activity are common and closely monitored in publicly traded companies like Pegasystems.
• Similar companies such as Salesforce (CRM) and Oracle (ORCL) also have executives who regularly report stock transactions via Form 4 filings.
• The vesting schedules and tax withholding practices are standard components of executive compensation packages in the tech industry.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and stock ownership adjustments.

Key Dates