Pegasystems officer vests RSUs, pays taxes in stock
Pegasystems Inc. SVP and Chief Accounting Officer Efstathios A. Kouninis reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Pegasystems Inc. SVP and Chief Accounting Officer Efstathios A. Kouninis reported routine equity compensation activity. On June 4–5, 2026, restricted stock units converted into a total of 764 shares of common stock, with 187 shares withheld to cover tax obligations. Following these transactions, he directly holds 2,875 common shares. These were compensation-related derivative exercises and tax-withholding dispositions, not open‑market purchases or sales.
Insider Trade Summary
764 shares exercised/converted
Exercise
6 txns
Insider
KOUNINIS EFSTATHIOS A
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 440 | $0.00 | $0.00 |
| Exercise | Common stock | 440 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 108 | $35.44 | $4K |
| Exercise | Restricted Stock Units | 324 | $0.00 | $0.00 |
| Exercise | Common stock | 324 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 79 | $35.11 | $3K |
Holdings After Transaction:
Restricted Stock Units — 6,636 contracts (Direct);
Common stock — 2,875 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 conversions: 764 shares
Tax-withholding shares: 187 shares
Post-transaction holdings: 2,875 shares
+4 more
7 metrics
RSU conversions
764 shares
Restricted stock units converted to common stock on June 4–5, 2026
Tax-withholding shares
187 shares
Shares withheld to cover tax obligations on June 4–5, 2026
Post-transaction holdings
2,875 shares
Common stock directly held after June 5, 2026 transactions
Tax-withholding price 1
$35.11 per share
Value used for 79 withheld shares on June 4, 2026
Tax-withholding price 2
$35.44 per share
Value used for 108 withheld shares on June 5, 2026
Exercise shares June 4
324 shares
Common stock acquired via RSU conversion on June 4, 2026
Exercise shares June 5
440 shares
Common stock acquired via RSU conversion on June 5, 2026
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, total_shares_following_transaction, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote explaining each unit equals one share"
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
"transaction_action: "tax-withholding disposition" for code F transactions"
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 exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for code M entries"
officer_title financial
"officer_title: "SVP, Chief Accounting Officer" for the reporting person"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Pegasystems (PEGA) report for Efstathios Kouninis?
Pegasystems reported that SVP and Chief Accounting Officer Efstathios Kouninis had restricted stock units convert into 764 common shares, with 187 shares withheld for taxes. The transactions reflect routine equity compensation activity rather than open-market buying or selling.
Did the Pegasystems (PEGA) insider Form 4 disclose any open-market stock sales?
No open-market sales were disclosed. The Form 4 shows tax-withholding dispositions of 187 shares and derivative exercises of restricted stock units into 764 common shares, which are compensation-related events instead of discretionary market sales or purchases of Pegasystems stock.
What was the size of the Pegasystems (PEGA) RSU conversions in the latest Form 4?
The Form 4 shows 764 restricted stock units converting into common stock over June 4–5, 2026. Of these, 440 units converted on June 5 and 324 on June 4, illustrating scheduled vesting of equity awards rather than new share purchases in the open market.
How do the Pegasystems (PEGA) RSU vesting terms work for these insider awards?
Each restricted stock unit converts into one Pegasystems common share upon vesting. According to the footnotes, 25% of the RSUs vest on the initial exercisable date, and the remaining 75% vest in equal quarterly installments over the following three years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
