Form 4: PegaSystems Executive Rifat Kerim Akgonul Reports Stock Transactions

Chief Product Officer Rifat Kerim Akgonul of PegaSystems reports stock transactions including vesting of restricted stock units and shares tendered for tax obligations.

Summary

• On June 7, 2024, Rifat Kerim Akgonul, Chief Product Officer of PegaSystems, reported transactions involving the company's common stock.
• These transactions include the vesting of 1,139 restricted stock units and the tendering of 335 shares to cover tax withholding obligations.
• Following these transactions, Akgonul directly owns 54,400 shares of PegaSystems common stock.
• The vested restricted stock units represent a 5% vesting of an original grant of 18,227 units, with the remaining units vesting quarterly over the next three years.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent 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.

Industry Context

This is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and do not indicate a change in the company's fundamentals.

Key Dates