Pegasystems exec exercises RSUs, withholds shares for tax
Pegasystems Inc. executive Leon Trefler reported routine equity compensation activity involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
Pegasystems Inc. executive Leon Trefler reported routine equity compensation activity involving restricted stock units and related tax withholding. On the reported date, he exercised 2,658 restricted stock units into an equal number of common shares and had 1,046 of those shares withheld to cover tax obligations.
After these transactions, Trefler directly held 123,011 shares of Pegasystems common stock and 7,974 restricted stock units. The filing characterizes the disposition as payment of tax liability by delivering securities rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,658 shares exercised/converted
Exercise
3 txns
Insider
Trefler Leon
Role
Chief of Clients and Markets
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,658 | $0.00 | $0.00 |
| Exercise | Common stock | 2,658 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,046 | $34.71 | $36K |
Holdings After Transaction:
Restricted Stock Units — 7,974 contracts (Direct);
Common stock — 123,011 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F2. This restricted stock unit award vested 25% on the Date Exercisable in Table II, with the remaining 75% vesting in equal quarterly amounts over the remaining 3 years.
Key Figures
RSUs Exercised: 2,658 shares
Shares Withheld for Taxes: 1,046 shares
Common Shares Held After: 124,057 shares
+2 more
5 metrics
RSUs Exercised
2,658 shares
Restricted stock units converted into common stock on transaction date
Shares Withheld for Taxes
1,046 shares
Common stock delivered to satisfy tax liability
Common Shares Held After
124,057 shares
Direct Pegasystems common stock holdings following transactions
RSUs Held After
7,974 units
Restricted stock units remaining after the reported exercise
RSU Conversion Ratio
1:1 to common stock
Each RSU represents the right to receive one common share upon vesting
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, derivative security
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Leon Trefler report in this Pegasystems (PEGA) Form 4 filing?
Leon Trefler reported routine equity compensation activity. He exercised 2,658 restricted stock units into common shares and had 1,046 of those shares withheld to cover tax obligations, without reporting any open-market purchases or sales.
Was the Pegasystems (PEGA) Form 4 transaction an open-market sale?
The filing describes the disposition as a tax-withholding event, not an open-market sale. 1,046 shares were delivered to satisfy tax liability associated with vesting or exercise of equity awards, which is treated differently from discretionary market selling.
What restricted stock unit terms are disclosed in Leon Trefler’s Pegasystems filing?
The filing states each restricted stock unit converts into one common share upon vesting. The award vested 25% on the stated exercisable date, with the remaining 75% scheduled to vest in equal quarterly installments over the following three years.
How many restricted stock units remain after Leon Trefler’s Pegasystems transaction?
Following the reported exercise, Leon Trefler holds 7,974 restricted stock units. These units represent future rights to receive Pegasystems common shares as they vest according to the award’s multi-year quarterly vesting schedule described in the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
