Form 4: PegaSystems Executive John Higgins Reports Stock Transactions
SEC Form 4 Filing
John Higgins, Chief, Client & Partner Success at PegaSystems, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On March 7, 2024, John Higgins, Chief, Client & Partner Success at PegaSystems, vested 2,785 restricted stock units (RSUs) from a grant on March 7, 2023, and 4,557 RSUs from a grant of 18,227 RSUs.
- Higgins also disposed of 1,555 and 2,543 shares of common stock at $63.37 to satisfy tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Higgins directly owns 10,143 shares of PegaSystems common stock, excluding unvested RSUs and options, and 13,670 derivative securities.
- 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 tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on 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 |
|---|---|
| 03/07/2023 | Original grant date of 2,785 restricted stock units. |
| 03/07/2024 | Vesting date of 2,785 and 4,557 restricted stock units; transaction date for stock disposals. |
| 03/11/2024 | Date of Form 4 filing. |
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