Form 4: Pegasystems Executive Leon Trefler Reports Stock Transactions
SEC Form 4 Filing
Leon Trefler, Chief of Clients and Markets at Pegasystems, reports the vesting and subsequent tax-related disposal of common stock.
Summary
- On June 7, 2024, Leon Trefler, Chief of Clients and Markets at Pegasystems, had 1,329 restricted stock units vest.
- Following the vesting, Trefler disposed of 523 shares to cover tax withholding obligations at a price of $58.25 per share.
- After these transactions, Trefler directly owns 39,916 shares of Pegasystems common stock.
- Trefler also holds 14,619 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Future Outlook
The remaining 75% of the original restricted stock unit grant will vest in equal quarterly installments over the remaining three years.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | 25% of the original grant of 21,264 restricted stock units vested. |
| 06/07/2024 | 5% vesting of restricted stock units (1,329 units). |
| 06/11/2024 | Date of the report signature. |
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