Form 4: PegaSystems Executive Akgonul Reports Stock Transactions

Chief Product Officer Rifat Kerim Akgonul reports stock transactions including vesting of restricted stock units and shares withheld for tax obligations.

Summary

• On March 7, 2025, Rifat Kerim Akgonul, Chief Product Officer of PegaSystems Inc., reported transactions involving the company's common stock.
• Akgonul vested 1,140 restricted stock units, representing 5% of the original grant of 18,227 units.
• 335 shares were tendered to the issuer to cover tax withholding obligations at a price of $76.86 per share.
• Following these transactions, Akgonul directly owns 58,534 shares of PegaSystems common stock.
• Akgonul also holds 9,113 restricted stock units.

Sentiment

Score: 5

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

Future Outlook

The remaining 75% of the original restricted stock unit grant will vest in equal quarterly installments over the next three years.

Industry Context

This filing is a routine disclosure of insider stock transactions, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine vesting and tax-related stock movements.

Key Dates