Form 4: PegaSystems Executive Akgonul Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Rifat Kerim Akgonul, Chief Product Officer at PegaSystems, reports the vesting of restricted stock units (RSUs) and subsequent stock transactions to cover tax obligations.
Summary
- On March 7, 2024, Rifat Kerim Akgonul, Chief Product Officer of PegaSystems, had restricted stock units (RSUs) vest.
- A portion of these vested RSUs were then used to cover tax obligations.
- Specifically, 3,370 RSUs vested fully, and 4,557 RSUs vested at 25% of the original grant.
- Following these transactions, Akgonul directly owns 57,675 shares of PegaSystems common stock.
- The transactions were reported on Form 4 filed with the SEC on March 11, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at PegaSystems.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2023 | Original grant date of 3,370 restricted stock units. |
| 03/07/2024 | Vesting date of 3,370 restricted stock units (100% vesting) and 4,557 restricted stock units (25% vesting). |
| 03/11/2024 | Date of Form 4 filing with the SEC. |
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