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