Form 4: Pegasystems SVP of Finance & CAO Reports Routine Stock Transactions Including RSU Vesting and Open Market Sale

Efstathios A. Kouninis, SVP of Finance & CAO at Pegasystems Inc., reported the vesting of restricted stock units and subsequent sale of shares, including tax withholdings, in a recent SEC Form 4 filing.

Summary

• On June 2, 2025, Efstathios A. Kouninis, SVP of Finance & CAO of Pegasystems Inc. (PEGA), acquired 103 shares of common stock at a price of $98.15 per share through the vesting of restricted stock units (RSUs).
• This vesting represents a 5% installment from an original grant of 2,057 RSUs, which began vesting on March 1, 2023.
• Also on June 2, 2025, Kouninis acquired an additional 52 shares of common stock at $98.15 per share from the vesting of another RSU grant.
• This second vesting represents a 5% installment from an original grant of 1,057 RSUs, which began vesting on March 2, 2022.
• To satisfy tax withholding obligations related to the RSU vestings, Kouninis disposed of 26 shares and 13 shares, totaling 39 shares, at a price of $98.15 per share on June 2, 2025.
• On June 3, 2025, Kouninis sold 116 shares of Pegasystems common stock on the open market at a price of $100.50 per share.
• Following these reported transactions, Efstathios A. Kouninis directly beneficially owns 155 shares of Pegasystems Inc. common stock, excluding unvested restricted stock units and/or options awards.

Sentiment

Score: 6

Explanation: The document reports routine insider transactions, primarily RSU vesting and associated tax withholdings, along with a small open market sale. This is generally neutral, but RSU vesting is a positive for the executive and indicates ongoing compensation, slightly tipping the sentiment to positive.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates the fulfillment of executive compensation plans, aligning management's interests with shareholder value over time.
• The acquisition of shares through RSU vesting at a $0 exercise price effectively increases the executive's direct ownership of company stock.

Negatives

• The open market sale of 116 shares by a senior executive, while a personal financial decision, could be perceived as a slight reduction in direct exposure to the company's stock performance.

Stakeholder Impact

• Shareholders: The transactions are routine and unlikely to have a significant impact on share price or company strategy. The sale of a small number of shares by an executive is a personal financial decision.
• Employees: The RSU vesting demonstrates the company's ongoing executive compensation practices.

Key Dates

Keywords

Pegasystems, PEGA, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Stock Sale, Executive Compensation, Beneficial Ownership