0001013857-24-000056.txt : 20240307 0001013857-24-000056.hdr.sgml : 20240307 20240307182135 ACCESSION NUMBER: 0001013857-24-000056 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: STILLWELL KENNETH CENTRAL INDEX KEY: 0001680115 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11859 FILM NUMBER: 24731776 MAIL ADDRESS: STREET 1: ONE ROGERS STREET CITY: CAMBRDIGE 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_1709853687.xml FORM 4 X0508 4 2024-03-05 0 0001013857 PEGASYSTEMS INC PEGA 0001680115 STILLWELL KENNETH C/O PEGASYSTEMS INC. ONE MAIN STREET CAMBRIDGE MA 02142 0 1 0 0 COO, CFO 0 Common stock 2024-03-06 4 M 0 429 0 A 17912 D Common stock 2024-03-06 4 F 0 169 62.10 D 17743 D Restricted Stock Units 0 2024-03-05 4 A 0 35218 0 A 2025-03-05 Common stock 35218 35218 D Restricted Stock Units 0 2024-03-05 4 A 0 3522 0 A 2025-03-05 Common stock 3522 3522 D Stock Options 62.10 2024-03-05 4 A 0 70436 0 A 2025-03-05 2034-03-05 Common stock 70436 70436 D Restricted Stock Units 0 2024-03-06 4 M 0 429 0 D 2020-03-06 Common stock 429 0 D Represents a 5% vesting on March 6, 2024. The original grant was 8,586 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years. Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). Does not include shares of common stock subject to unvested restricted stock units and/or options awards. 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 amounts over the remaining three years. Once vested, the shares of common stock are not subject to expiration. 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. 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 Kenneth Stillwell 2024-03-07