Pegasystems executive exercises RSUs, boosts holdings
Pegasystems executive Leon Trefler reported routine equity compensation activity.
Rhea-AI Filing Summary
Pegasystems executive Leon Trefler reported routine equity compensation activity. On June 4–5, 2026, he exercised restricted stock units that delivered a total of 3,816 shares of PEGASYSTEMS INC common stock, and 1,502 shares were withheld to cover tax obligations. Following these transactions, he directly holds 121,399 shares of common stock and 15,408 restricted stock units that can convert into common shares as they vest over time. These events reflect compensation-related vesting and tax withholding rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,816 shares exercised/converted
Exercise
6 txns
Insider
Trefler Leon
Role
Chief of Clients and Markets
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,200 | $0.00 | $0.00 |
| Exercise | Common stock | 2,200 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 866 | $35.44 | $31K |
| Exercise | Restricted Stock Units | 1,616 | $0.00 | $0.00 |
| Exercise | Common stock | 1,616 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 636 | $35.11 | $22K |
Holdings After Transaction:
Restricted Stock Units — 33,178 contracts (Direct);
Common stock — 121,399 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F2. 25% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments over the following three years.
Key Figures
RSU shares exercised: 3,816 shares
Shares withheld for taxes: 1,502 shares
Common shares after transactions: 121,399 shares
+3 more
6 metrics
RSU shares exercised
3,816 shares
Total common shares from RSU exercises on June 4–5, 2026
Shares withheld for taxes
1,502 shares
Tax-withholding dispositions on June 4–5, 2026
Common shares after transactions
121,399 shares
Direct Pegasystems common stock holdings after June 5, 2026
RSUs remaining
15,408 units
Restricted stock units outstanding after June 5, 2026
Tax withholding price June 5
$35.44/share
Price used for 866 withheld shares on June 5, 2026
Tax withholding price June 4
$35.11/share
Price used for 636 withheld shares on June 4, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vested
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.
vested financial
"25% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Pegasystems (PEGA) executive Leon Trefler report in this Form 4?
Leon Trefler reported routine equity compensation activity, exercising restricted stock units into common shares. Some shares were withheld to cover tax obligations, so the filing reflects option-like vesting and tax payments rather than open-market buying or selling of Pegasystems stock.
What are Leon Trefler’s Pegasystems common stock holdings after these transactions?
After the reported transactions, Leon Trefler directly holds 121,399 shares of Pegasystems common stock. This figure reflects his position following both the exercises of restricted stock units and the related share withholdings used to satisfy tax obligations on June 4–5, 2026.
How many restricted stock units does Leon Trefler still hold at Pegasystems?
He holds 15,408 restricted stock units after these transactions. Each restricted stock unit represents the right to receive one share of Pegasystems common stock upon vesting, with vesting schedules defined over several years according to the grant terms described in the footnotes.
Do Leon Trefler’s Pegasystems Form 4 transactions involve open-market stock sales?
The transactions do not involve open-market sales. They show exercises of restricted stock units and tax-withholding dispositions, where shares are delivered to cover tax liabilities. These are compensation and tax-related events rather than discretionary buying or selling on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
