Pegasystems product chief exercises 1,176 RSUs
Pegasystems’ chief product officer exercised 1,176 RSUs into common stock, with 569 shares withheld to cover exercise price or tax obligations.
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported that Chief Product Officer Rifat Kerim Akgonul exercised previously granted restricted stock units on September 1, 2026, converting 1,176 RSUs into an equal number of shares of common stock. In connection with this vesting, 569 common shares were delivered or withheld to cover payment of exercise price or tax liability. Following the RSU exercise, Akgonul held 2,350 restricted stock units directly. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,176 shares exercised/converted
Exercise
3 txns
Insider
Akgonul Rifat Kerim
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 1,176 | $0.00 | $0.00 |
| Exercise | Common stock | 1,176 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 569 | $36.81 | $21K |
Holdings After Transaction:
Restricted Stock Units — 2,350 contracts (Direct);
Common stock — 108,656 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
- F2. 20% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 80% vest in equal quarterly installments over the following four years.
Key Figures
RSUs exercised: 1,176 units
Common shares acquired: 1,176 shares
Shares delivered/withheld for exercise price or tax liability: 569 shares
+2 more
5 metrics
RSUs exercised
1,176 units
Restricted stock units converted into common stock on September 1, 2026
Common shares acquired
1,176 shares
Common stock received from RSU exercise on September 1, 2026
Shares delivered/withheld for exercise price or tax liability
569 shares
Common stock used to cover exercise price or tax liability at $36.81 per share
Price per share for tax/exercise settlement
$36.81 per share
Applied to 569 common shares delivered or withheld on September 1, 2026
RSUs held after transaction
2,350 units
Directly owned restricted stock units following the September 1, 2026 exercise
Key Terms
Restricted Stock Units, Common stock, Payment of exercise price or tax liability by delivering or withholding securities
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting, one share"
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.
Common stock financial
"each restricted stock unit represents the right to receive, following vesting, one share of common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Payment of exercise price or tax liability by delivering or withholding securities financial
"transaction code F described as payment of exercise price or tax liability"
FAQ
What insider transaction did PEGA’s Chief Product Officer report on September 1, 2026?
On September 1, 2026, PEGA Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units, receiving the same number of common shares. As part of this event, 569 common shares were delivered or withheld to pay the exercise price or associated tax liability.
How many Pegasystems (PEGA) RSUs did the executive convert into common stock?
Rifat Kerim Akgonul converted 1,176 restricted stock units into 1,176 shares of Pegasystems common stock on September 1, 2026, through an exercise or conversion of derivative securities reported on the Form 4.
What are the Chief Product Officer’s remaining Pegasystems RSU holdings after this transaction?
After the September 1, 2026 RSU exercise, Chief Product Officer Rifat Kerim Akgonul directly held 2,350 restricted stock units, each representing a right to receive one share of Pegasystems common stock upon vesting, as disclosed in the Form 4.
Were the reported PEGA insider transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates that the transactions were not reported as being made under a Rule 10b5-1 trading plan, meaning there is no affirmation that they occurred pursuant to a pre-arranged trading agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
