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 sale of shares to cover tax obligations.
Summary
- This Form 4 filing details changes in beneficial ownership of Pegasystems Inc. stock by Leon Trefler, Chief of Clients and Markets.
- On March 1, 2024, Trefler vested 588 shares of common stock and sold 143 shares at $65.04 to cover tax obligations.
- On March 4, 2024, Trefler vested 192 shares, then 335 shares of common stock and sold 47 shares, then 82 shares at $66.61 to cover tax obligations.
- Following these transactions, Trefler directly owns 36,376 shares of Pegasystems common stock.
- The transactions involved restricted stock units vesting and subsequent sales to satisfy tax withholding requirements.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are standard practice among publicly traded companies like Pegasystems.
- Vesting schedules and tax withholding practices are also typical and align with industry norms.
- Similar companies such as Salesforce (CRM) and Oracle (ORCL) also utilize stock-based compensation for their executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
- The transactions do not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Initial vesting date for some restricted stock units. |
| 03/02/2022 | Initial vesting date for some restricted stock units. |
| 03/03/2021 | Initial vesting date for some restricted stock units. |
| 03/01/2024 | Vesting of 588 shares and sale of 143 shares at $65.04. |
| 03/04/2024 | Vesting of 192 and 335 shares and sale of 47 and 82 shares at $66.61. |
| 03/05/2024 | Date of the Form 4 signature. |
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