Form 4: PegaSystems Executive Akgonul Reports Stock Transactions
SEC Form 4
Rifat Kerim Akgonul, Chief Product Officer of PegaSystems, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On March 3, 2025, Rifat Kerim Akgonul, Chief Product Officer of PegaSystems, reported transactions involving common stock and restricted stock units.
- These transactions included the vesting of restricted stock units and the subsequent tendering of shares to cover tax withholding obligations.
- Akgonul acquired shares through the vesting of restricted stock units and disposed of shares to satisfy tax obligations.
- Following these transactions, Akgonul directly owns 52,806 shares of PegaSystems common stock.
- The reported transactions were related to restricted stock units granted in previous years, with vesting schedules extending over four years.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. They are essential for investors to understand the actions of key personnel and their confidence in the company.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity and sales to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/03/2021 | Date of original grant for 6,687 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 4,611 restricted stock units, with 20% vesting on this date and the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 03/01/2023 | Date of original grant for 11,754 restricted stock units, with 20% vesting on this date and the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 03/03/2025 | Date of transactions: vesting of restricted stock units and tendering of shares for tax obligations. |
| 03/04/2025 | Date of report filing. |
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