Form 4: Pegasystems VP of Finance & CAO, Efstathios A. Kouninis, Reports Stock Transactions

Efstathios A. Kouninis, VP of Finance & CAO at Pegasystems, reported the vesting of restricted stock units and a transaction to cover tax obligations.

Summary

• Efstathios A. Kouninis, VP of Finance & CAO at Pegasystems, reported a transaction on December 3, 2024.
• 76 restricted stock units vested, representing 5% of the original grant of 1,533 units.
• These units vested on December 3, 2024, as part of a vesting schedule that began on March 3, 2021.
• 19 shares of common stock were tendered to the issuer to cover tax withholding obligations at a price of $94.48 per share.
• Following these transactions, Kouninis directly owns 174 shares of common stock, excluding unvested restricted stock units and options.

Sentiment

Score: 7

Explanation: The document reflects routine transactions and does not indicate any positive or negative sentiment. It is a standard regulatory filing.

Positives

• The vesting of restricted stock units indicates continued compensation and alignment of interests for the executive.
• The transaction to cover tax obligations is a standard practice and does not indicate any negative sentiment.

Risks

• There are no specific risks highlighted in this document, as it primarily details routine stock transactions.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies. It reflects routine transactions by company insiders and is a normal part of corporate governance.

Comparison to Industry Standards

• The vesting schedule of restricted stock units is a common practice in the technology industry for executive compensation.
• The use of shares to cover tax obligations is also a standard procedure for equity-based compensation.
• Other technology companies such as Salesforce, Oracle, and SAP also use similar equity compensation plans for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a small number of shares.
• The vesting of restricted stock units is part of the executive's compensation package and is not expected to have a significant impact on other stakeholders.

Key Dates

Keywords

Pegasystems, stock, restricted stock units, vesting, insider trading, tax withholding, executive compensation, Form 4