Form 4: PegaSystems Director Richard H. Jones Sells Shares

Director Richard H. Jones of PegaSystems sold 10,000 shares of common stock at an average price of $63.39 on February 23, 2024.

Summary

• On February 23, 2024, Richard H. Jones, a director of PegaSystems, sold 10,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $63.39 per share, with individual prices ranging from $63.21 to $63.60.
• Following the transaction, Jones directly owns 21,656 shares and indirectly owns 379,658 shares through various trusts.
• The filing also mentions exempt transfers between the reporting person and Richard H. Jones, Sr. 2022-A Grantor Retained Annuity Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director, which is a neutral event.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Related Party Transactions

• Exempt transfers occurred between the reporting person and Richard H. Jones, Sr. 2022-A Grantor Retained Annuity Trust.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market perception of the transaction.

Key Dates