Form 4: PegaSystems VP of Finance Efstathios Kouninis Reports Stock Option Exercise and Share Disposals
SEC Filing
Efstathios Kouninis, VP of Finance & CAO at PegaSystems, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On November 5, 2024, Efstathios A. Kouninis, VP of Finance & CAO at PegaSystems, exercised stock options to acquire 1,180 shares of common stock at a price of $33.90.
- Simultaneously, Mr. Kouninis disposed of 652 shares to cover his tax liability at a price of $83.
- He also sold 528 shares at $83.
- Following these transactions, Mr. Kouninis directly owns 528 shares and 9,440 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/02/2023 | First vesting date of stock options. |
| 11/05/2024 | Date of stock option exercise and share disposals. |
| 11/02/2032 | Expiration date of stock options. |
| 11/06/2024 | Date of signature on the Form 4 filing. |
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