Pegasystems (PEGA) executive exercises RSUs and covers taxes in shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pegasystems executive John Gerard Higgins reported routine equity compensation activity involving restricted stock units (RSUs). On 2026-06-01, he exercised RSUs classified as derivative securities to acquire a total of 1,396 shares of Pegasystems common stock.
To cover tax obligations, the issuer withheld 780 shares through tax-withholding dispositions at a price of $35.73 per share, rather than selling shares in the open market. After these transactions, Higgins directly owned 53,609 shares of Pegasystems common stock.
The RSUs convert into one share of common stock per unit following vesting. Footnotes indicate that 20% of the RSUs vest on the initial exercisable date and the remaining 80% vest in equal quarterly installments over the following four years, reflecting a typical multi-year vesting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,396 shares exercised/converted
Mixed
9 txns
Insider
Higgins John Gerard
Role
Chief, Client &Partner Success
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,028 | $0.00 | -- |
| Exercise | Restricted Stock Units | 184 | $0.00 | -- |
| Exercise | Restricted Stock Units | 184 | $0.00 | -- |
| Exercise | Common stock | 1,028 | $0.00 | -- |
| Tax Withholding | Common stock | 574 | $35.73 | $21K |
| Exercise | Common stock | 184 | $0.00 | -- |
| Tax Withholding | Common stock | 103 | $35.73 | $4K |
| Exercise | Common stock | 184 | $0.00 | -- |
| Tax Withholding | Common stock | 103 | $35.73 | $4K |
Holdings After Transaction:
Restricted Stock Units — 3,086 shares (Direct, null);
Common stock — 54,183 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. 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
RSU shares exercised: 1,396 shares
Shares withheld for taxes: 780 shares
Post-transaction holdings: 53,609 shares
+2 more
5 metrics
RSU shares exercised
1,396 shares
Common stock received from RSU exercises on 2026-06-01
Shares withheld for taxes
780 shares
Tax-withholding dispositions at $35.73 per share
Post-transaction holdings
53,609 shares
Common stock directly owned after transactions
Withholding price
$35.73 per share
Value used for tax-withholding dispositions
RSUs remaining (largest lot)
3,086 units
Restricted stock units outstanding after a reported RSU conversion
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock."
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"20% of the restricted stock units vested on the Date Exercisable in Table II"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transactions did Pegasystems (PEGA) report for John Gerard Higgins?
Pegasystems reported that executive John Gerard Higgins exercised restricted stock units to acquire 1,396 common shares and had 780 shares withheld for taxes. These transactions reflect routine equity compensation activity rather than open-market buying or selling of stock.
What is the size of the RSU exercise and tax withholding in the Pegasystems (PEGA) filing?
The Form 4 shows RSU exercises covering 1,396 shares of Pegasystems common stock and tax-withholding dispositions totaling 780 shares at $35.73 per share. Together, these entries indicate a standard compensation and tax-settlement event for the executive.
How do Pegasystems (PEGA) restricted stock units vest for this executive?
Each restricted stock unit converts into one share of common stock after vesting. Footnotes state that 20% of the RSUs vest on the initial exercisable date, with the remaining 80% vesting in equal quarterly installments over the next four years.