Pegasystems officer exercises 1,402 RSUs
Pegasystems’ Chief, Client & Partner Success settled vested RSUs into common shares, with part of the stock withheld to cover exercise price or tax obligations.
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported insider equity activity by John Gerard Higgins, Chief, Client & Partner Success, involving the vesting and settlement of restricted stock units on September 1, 2026. Higgins exercised 1,402 restricted stock units into an equal number of common shares at a conversion price of $0.00 per share. To cover the exercise price or related tax obligations, a total of 783 common shares were delivered or withheld at $36.81 per share across three transactions. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,402 shares exercised/converted
Exercise
9 txns
Insider
Higgins John Gerard
Role
Chief, Client &Partner Success
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 1,030 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2 | 186 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F2 | 186 | $0.00 | $0.00 |
| Exercise | Common stock | 1,030 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 575 | $36.81 | $21K |
| Exercise | Common stock | 186 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 104 | $36.81 | $4K |
| Exercise | Common stock | 186 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 104 | $36.81 | $4K |
Holdings After Transaction:
Restricted Stock Units — 3,530 contracts (Direct);
Common stock — 57,416 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
Restricted stock units exercised: 1,402 units
Common shares acquired from RSU exercises: 1,402 shares
Shares delivered or withheld for exercise price or tax liability: 783 shares
+3 more
6 metrics
Restricted stock units exercised
1,402 units
RSUs converted into common stock on September 1, 2026
Common shares acquired from RSU exercises
1,402 shares
Common stock received upon RSU conversion on September 1, 2026
Shares delivered or withheld for exercise price or tax liability
783 shares
Common stock used across three code F transactions on September 1, 2026
Per-share value for tax/exercise withholdings
$36.81 per share
Applied to 575, 104 and 104 common shares in code F transactions
Initial RSU vesting portion
20% of units
Vested on the Date Exercisable before remaining quarterly vesting over four years
Remaining RSU vesting schedule
80% over four years
Vesting in equal quarterly installments after the initial 20% vesting
Key Terms
Restricted Stock Units, Rule 10b5-1, tax liability, Date Exercisable
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting"
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.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
tax liability financial
"payment of exercise price or tax liability by delivering or withholding securities"
Date Exercisable financial
"20% of the restricted stock units vested on the Date Exercisable"
FAQ
What insider transactions did PEGA’s Chief, Client & Partner Success report?
John Gerard Higgins reported exercising 1,402 restricted stock units into common stock on September 1, 2026, with separate transactions delivering or withholding 783 shares to pay the exercise price or related tax obligations at $36.81 per share.
How many Pegasystems (PEGA) RSUs did John Gerard Higgins convert to common stock?
He converted 1,402 restricted stock units into 1,402 shares of common stock on September 1, 2026, through multiple exercise transactions at a conversion price of $0.00 per share as disclosed.
Were the PEGA insider transactions by John Gerard Higgins under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked negative, so no Rule 10b5-1 trading plan is reported in connection with these transactions.
What is the vesting schedule for the PEGA restricted stock units involved?
The footnotes state that 20% of the restricted stock units vested on the Date Exercisable, and the remaining 80% vest in equal quarterly installments over the following four years.
What role does John Gerard Higgins hold at Pegasystems (PEGA)?
John Gerard Higgins is reported as an officer of Pegasystems Inc., with the title Chief, Client & Partner Success in this Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
