Form 4: PegaSystems Executive John Gerard Higgins Reports Stock Transactions
SEC Form 4 Filing
John Gerard Higgins, Chief, Client & Partner Success at PegaSystems, reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- On March 7, 2025, John Gerard Higgins, Chief, Client & Partner Success at PegaSystems, reported transactions involving PegaSystems common stock.
- Higgins vested 1,140 restricted stock units, representing 5% of the original grant of 18,227 units.
- He also disposed of 637 shares of common stock to satisfy tax withholding obligations at a price of $76.86 per share.
- Following these transactions, Higgins directly owns 17,473 shares of PegaSystems common stock, excluding unvested restricted stock units and/or options awards, and 9,113 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | 25% of the original restricted stock units vested. |
| 03/07/2025 | 5% vesting of restricted stock units and disposal of shares for tax obligations. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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