Pegasystems (NASDAQ: PEGA) awards director fully vested options at $32.32
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported equity compensation grants to Director Rohit Ghai. He received 3,868 shares of unrestricted common stock as consideration for his annual board service, bringing his direct common stock holdings to 7,266 shares after the transaction.
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. This option grant is also compensation for his annual director term, and he now directly holds 7,947 options.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,868 shares
Net Buy
2 txns
Insider
Ghai Rohit
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 — 7,266 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
Common shares held after grant: 7,266 shares
Options granted: 7,947 options
+2 more
5 metrics
Unrestricted common shares granted
3,868 shares
Shares of PEGA common stock granted as director compensation for the annual term
Common shares held after grant
7,266 shares
Direct PEGA common stock holdings by Rohit Ghai after the August 15, 2026 transaction
Options granted
7,947 options
Non-statutory stock option on PEGA common stock granted for annual director service
Option exercise price
$32.32 per share
Exercise price of the non-statutory stock option granted August 15, 2026
Option expiration date
August 15, 2036
Expiration of the granted non-statutory stock option on PEGA common stock
Key Terms
unrestricted common stock, Non-statutory stock option, exercise price, expiration date
4 terms
unrestricted common stock financial
"Represents shares of unrestricted common stock received as consideration"
Non-statutory stock option financial
"Non-statutory stock option fully vested on issuance and granted"
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.
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.
expiration date financial
"expiration_date": "2036-08-15"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What equity awards did PEGA director Rohit Ghai receive in this Form 4 filing?
Rohit Ghai received 3,868 shares of unrestricted PEGA common stock and a fully vested non-statutory stock option for 7,947 shares. Both awards were granted as consideration for his service as a Director for the annual term.
What is the exercise price and term of Rohit Ghai’s new PEGA stock options?
The new non-statutory stock options have an exercise price of $32.32 per share and expire on August 15, 2036. The filing states they were fully vested upon issuance as compensation for his annual Director service.
How many PEGA options does Rohit Ghai hold following the reported grant?
Following the reported grant, Rohit Ghai directly holds 7,947 non-statutory stock options on PEGA common stock. These options were granted fully vested as compensation for his Director services for the annual term.
Were Rohit Ghai’s PEGA equity awards part of director compensation?
Yes. The filing states the 3,868 unrestricted shares and the fully vested non-statutory option for 7,947 shares were granted as consideration for Rohit Ghai’s services as a Director for the annual term.
AI-generated analysis. How Rhea-AI works. Not financial advice.
