Form 4: Pegasystems Executive Leon Trefler Reports Stock Transactions

Leon Trefler, Chief of Clients and Markets at Pegasystems, reported the vesting of restricted stock units and a sale of shares to cover tax obligations.

Summary

• Leon Trefler, Chief of Clients and Markets at Pegasystems, reported a transaction involving Pegasystems common stock.
• On December 3, 2024, 335 restricted stock units vested, representing 5% of the original grant.
• These vested units were converted into common stock.
• Also on December 3, 2024, 132 shares were sold at $94.48 per share to cover tax withholding obligations.
• Following these transactions, Trefler directly owns 37,559 shares of Pegasystems common stock.
• The original grant of 6,687 restricted stock units vested 20% on March 3, 2021, with the remaining 80% vesting in equal quarterly installments over four years.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units is typical for executive compensation packages in the technology industry.
• The sale of shares to cover tax obligations is a standard practice for executives receiving equity compensation.

Stakeholder Impact

• The transactions have a minor impact on the total outstanding shares of Pegasystems.
• The sale of shares by an executive may be of interest to shareholders.

Key Dates

Keywords

Pegasystems, stock transaction, restricted stock units, insider trading, Form 4, vesting, tax withholding, Leon Trefler