Form 4: Pegasystems Executive Kenneth Stillwell Reports Stock Transactions

Kenneth Stillwell, COO and CFO of Pegasystems, reports the vesting and disposal of shares to cover tax obligations.

Summary

• Kenneth Stillwell, the COO and CFO of Pegasystems, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 7, 2025, 2,610 restricted stock units vested, representing 5% of the original grant of 41,768 units.
• Stillwell also disposed of 1,028 shares to satisfy tax withholding obligations at a price of $76.86 per share.
• Following these transactions, Stillwell directly owns 23,245 shares of Pegasystems common stock and 20,884 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.

Future Outlook

The remaining 75% of the original restricted stock units will vest in equal quarterly installments over the remaining three years from March 7, 2025.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track management's alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates