Form 4: PegaSystems Director Peter Gyenes Reports Stock and Option Transactions

Director Peter Gyenes of PegaSystems reports acquisition of common stock and stock options related to his service as a director.

Summary

• Peter Gyenes, a director at PegaSystems, reported transactions involving the company's securities.
• On August 15, 2024, Gyenes acquired 1,807 shares of common stock as consideration for his service as a director.
• These shares were acquired at a price of $0.
• Following the transaction, Gyenes directly owns 12,172 shares of common stock.
• On the same date, Gyenes also acquired 3,969 non-statutory stock options as consideration for his services as a director.
• The exercise price of these options is $69.19.
• The options were fully vested on issuance and expire on August 15, 2034.
• Following the transaction, Gyenes directly owns 3,969 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices for a director. There are no indications of negative events or concerns.

Positives

• The acquisition of stock and options reflects continued director involvement and alignment with the company's long-term performance.

Future Outlook

This document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the actions of company directors and officers.

Related Party Transactions

• The grant of stock and options to Peter Gyenes as compensation for his service as a director constitutes a related party transaction.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent standard compensation practices.

Key Dates