Pegasystems (PEGA) director awarded stock, new options grant
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) director Larry Weber reported equity compensation awards for his annual board term. He received 3,868 shares of unrestricted common stock as director consideration, increasing his direct common stock holdings to 14,500 shares. He was also granted a fully vested non-statutory stock option for 7,947 shares of common stock at an exercise price of $32.32 per share, expiring on August 15, 2036, also as consideration for his director service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,868 shares
Net Buy
2 txns
Insider
WEBER LARRY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options F2 | 7,947 | $0.00 | $0.00 |
| Grant/Award | Common stock F1 | 3,868 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options — 7,947 shares (Direct);
Common stock — 14,500 shares (Direct)
Footnotes (2)
- F1. Represents shares of unrestricted common stock received as consideration for the reporting person's service as a Director for the annual term.
- F2. Non-statutory stock option fully vested on issuance and granted as consideration for the reporting person's services as a Director for the annual term.
Key Figures
Unrestricted common shares granted: 3,868 shares
Post-transaction common stock holdings: 14,500 shares
Stock options granted: 7,947 options
+2 more
5 metrics
Unrestricted common shares granted
3,868 shares
Common stock award as consideration for service as a Director for the annual term
Post-transaction common stock holdings
14,500 shares
Direct PEGA common stock held by Larry Weber after the grant
Stock options granted
7,947 options
Non-statutory stock option granted as director compensation
Option exercise price
$32.32 per share
Exercise price of the non-statutory stock option for 7,947 shares
Option expiration date
August 15, 2036
Expiration of the non-statutory stock option granted to Larry Weber
Key Terms
Non-statutory stock option, unrestricted common stock, exercise price
3 terms
Non-statutory stock option financial
"Non-statutory stock option fully vested on issuance and granted as consideration"
A non-statutory stock option is a company-granted right that lets a person buy shares later at a set price but does not receive special tax-favored treatment under tax law. It matters to investors because when the option is used the holder usually pays ordinary income tax on the gain and the company records compensation cost and issues new shares, which can reduce existing owners’ percentage ownership—think of it like a coupon to buy stock that creates a taxable event and some dilution.
unrestricted common stock financial
"Represents shares of unrestricted common stock received as consideration"
exercise price financial
"conversion_or_exercise_price": "32.3200""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What equity awards did PEGA director Larry Weber receive in this Form 4?
Larry Weber received 3,868 shares of unrestricted PEGA common stock and a fully vested stock option for 7,947 shares at an exercise price of $32.32 per share as compensation for his annual director term.
What are the key terms of Larry Weber’s new PEGA stock option grant?
The new option covers 7,947 shares of PEGA common stock at an exercise price of $32.32 per share. It is a non-statutory stock option, fully vested on issuance, and expires on August 15, 2036.
Is Larry Weber’s PEGA stock option grant part of his director compensation?
Yes. The filing states the non-statutory stock option for 7,947 shares was granted as consideration for Larry Weber’s services as a Director for the annual term, and it vested fully on issuance.
Were Larry Weber’s recent PEGA transactions open-market buys or sells?
No. The reported PEGA transactions are grants/awards, not market trades. They include 3,868 unrestricted common shares and a fully vested stock option for 7,947 shares granted as director compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
