Pegasystems CFO exercises 2,350 RSUs
PEGASYSTEMS’ COO and CFO exercised RSUs into common stock, with part of the shares withheld to cover the exercise price or tax obligations.
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported that COO and CFO Kenneth Stillwell exercised 2,350 restricted stock units into an equal number of shares of common stock on September 1, 2026. Of these, 925 shares were delivered or withheld at $36.81 per share to pay the exercise price or tax liability, leaving a net acquisition of shares from this vesting event. Following the transaction, Stillwell holds 4,702 restricted stock units, and 1,908 common shares are held indirectly for the reporting person’s children. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,350 shares exercised/converted
Exercise
4 txns
Insider
STILLWELL KENNETH
Role
COO, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,350 | $0.00 | $0.00 |
| Exercise | Common stock | 2,350 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 925 | $36.81 | $34K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,702 contracts (Direct);
Common stock — 127,058 shares (Direct);
Common stock — 1,908 shares (Indirect, Reporting Person's children)
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: 2,350 units
Shares withheld for exercise price or tax liability: 925 shares
Withholding price: $36.81 per share
+4 more
7 metrics
RSUs exercised
2,350 units
Restricted stock units converted into common stock on September 1, 2026
Shares withheld for exercise price or tax liability
925 shares
Common stock delivered or withheld at $36.81 per share on September 1, 2026
Withholding price
$36.81 per share
Price used for shares delivered or withheld for exercise price or tax liability
RSUs remaining after transaction
4,702 units
Restricted stock units held by the reporting person following the exercise
Indirectly held common shares
1,908 shares
Common stock held indirectly for the reporting person’s children
Initial vesting portion
20%
RSUs that vested on March 1, 2023 under the grant’s vesting schedule
Remaining vesting schedule
80% over four years
RSUs vesting in equal quarterly installments over the four years after March 1, 2023
Key Terms
Restricted Stock Units, Payment of exercise price or tax liability by delivering or withholding securities, Rule 10b5-1
3 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.
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"
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox is shown as unchecked 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.
FAQ
What insider transaction did PEGA’s COO/CFO Kenneth Stillwell report on September 1, 2026?
Kenneth Stillwell exercised 2,350 restricted stock units into 2,350 shares of PEGA common stock on September 1, 2026, as part of his equity compensation vesting.
How many restricted stock units does PEGA’s COO/CFO still hold after this transaction?
After the reported RSU conversion, Kenneth Stillwell holds 4,702 restricted stock units, each representing the right to receive one share of PEGA common stock upon vesting.
What is the vesting schedule for the PEGA restricted stock units in this Form 4?
The footnote explains that 20% of the restricted stock units vested on March 1, 2023, and the remaining 80% vest in equal quarterly installments over the following four years.
Were the PEGA insider transactions made under a Rule 10b5-1 trading plan?
No. The Rule 10b5-1 checkbox is shown as unchecked, and there is no footnote indicating that the transactions were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
