0001013857-24-000052.txt : 20240307
0001013857-24-000052.hdr.sgml : 20240307
20240307181358
ACCESSION NUMBER: 0001013857-24-000052
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240305
FILED AS OF DATE: 20240307
DATE AS OF CHANGE: 20240307
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Higgins John Gerard
CENTRAL INDEX KEY: 0001915414
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11859
FILM NUMBER: 24731714
MAIL ADDRESS:
STREET 1: C/O PEGASYSTEMS INC.
STREET 2: 1 MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PEGASYSTEMS INC
CENTRAL INDEX KEY: 0001013857
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 042787865
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1531
BUSINESS PHONE: 6173749600
MAIL ADDRESS:
STREET 1: ONE MAIN STREET
CITY: CAMBRIDGE
STATE: MA
ZIP: 02142-1531
4
1
wk-form4_1709853226.xml
FORM 4
X0508
4
2024-03-05
0
0001013857
PEGASYSTEMS INC
PEGA
0001915414
Higgins John Gerard
C/O PEGASYSTEMS INC. ONE MAIN STREET
CAMBRIDGE
MA
02142
0
1
0
0
Chief, Client &Partner Success
0
Common stock
6899
D
Restricted Stock Units
0
2024-03-05
4
A
0
2233
0
A
2025-03-05
Common stock
2233
2233
D
Restricted Stock Units
0
2024-03-05
4
A
0
17609
0
A
2025-03-05
Common stock
17609
17609
D
Stock Options
62.10
2024-03-05
4
A
0
35218
0
A
2025-03-05
2034-03-05
Common stock
35218
35218
D
Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 5, 2024. All RSUs vest 100% on March 5, 2025, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2024.
Once vested, the shares of common stock are not subject to expiration.
Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
RSUs will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
Options will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins
2024-03-07