Form 4: PegaSystems VP of Finance Reports Stock Transactions
SEC Form 4 Filing
Efstathios A. Kouninis, VP of Finance & CAO at PegaSystems, reports stock transactions including vesting of restricted stock units and shares tendered for tax obligations.
Summary
- On March 7, 2025, Efstathios A. Kouninis, VP of Finance & CAO at PegaSystems, vested 166 shares of common stock from restricted stock units.
- Kouninis also tendered 41 shares of common stock to the issuer to cover tax withholding obligations at a price of $76.86 per share.
- Following these transactions, Kouninis directly owns 1,658 shares of PegaSystems common stock.
- He also holds 1,330 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices, so the sentiment is neutral.
Future Outlook
The remaining 75% of the original restricted stock units will vest in equal quarterly installments over the remaining three years.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates normal compensation and tax-related stock activity.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | 25% of the original grant of 2,660 restricted stock units vested. |
| 03/07/2025 | 166 restricted stock units vested (5% vesting). |
| 03/11/2025 | Date of report signature. |
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