Form 4: Pegasystems Director Larry Weber Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Larry Weber reports acquisition of common stock and stock options related to director services.
Summary
- Larry Weber, a Director at Pegasystems Inc., filed a Form 4 detailing changes in beneficial ownership.
- On August 15, 2024, Weber acquired 1,807 shares of common stock as consideration for his service as a Director, priced at $0.
- On the same date, Weber also acquired 3,969 non-statutory stock options, fully vested on issuance, also as consideration for his services as a Director, priced at $0 with an exercise price of $69.19.
- Following these transactions, Weber directly owns 10,759 shares of common stock and 3,969 stock options.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of stock and options reflects compensation for director services, aligning director interests with shareholder value.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency regarding their transactions in the company's securities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Acquisition of common stock and stock options. |
| 08/15/2034 | Expiration date of stock options. |
| 08/19/2024 | Date of signature by Attorney-in-Fact. |
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