Pegasystems COO-CFO receives 12,854 shares from RSUs
Pegasystems’ COO and CFO exercised RSUs into common stock, with a portion of the shares withheld to satisfy exercise price or tax obligations.
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported equity compensation activity by COO and CFO Kenneth Stillwell. On September 4, 5, and 7, 2026, he exercised restricted stock units that delivered a total of 12,854 shares of common stock, each unit converting into one share following vesting. On the same dates, 5,060 shares of common stock were delivered or withheld to cover exercise price or tax liabilities at per-share prices of $37.36 and $37.72. The filing also reports 1,908 shares of common stock held indirectly for the reporting person’s children.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,854 shares exercised/converted
Exercise
10 txns
Insider
STILLWELL KENNETH
Role
COO, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 5,220 | $0.00 | $0.00 |
| Exercise | Common stock | 5,220 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 2,055 | $37.36 | $77K |
| Exercise | Restricted Stock Units F1, F2 | 4,402 | $0.00 | $0.00 |
| Exercise | Common stock | 4,402 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,733 | $37.36 | $65K |
| Exercise | Restricted Stock Units F1, F2 | 3,232 | $0.00 | $0.00 |
| Exercise | Common stock | 3,232 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,272 | $37.72 | $48K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 69,164 contracts (Direct);
Common stock — 134,852 shares (Direct);
Common stock — 1,908 shares (Indirect, Reporting Person's children)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of 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 exercises into common stock: 12,854 shares
Shares withheld for exercise price or tax: 5,060 shares
Per-share price for certain tax/exercise dispositions: $37.36 per share
+5 more
8 metrics
RSU exercises into common stock
12,854 shares
Total shares received from restricted stock unit exercises on September 4–7, 2026
Shares withheld for exercise price or tax
5,060 shares
Common shares delivered or withheld to cover exercise price or tax liabilities on September 4–7, 2026
Per-share price for certain tax/exercise dispositions
$37.36 per share
Common shares withheld on September 5 and 7, 2026 to cover exercise price or tax liabilities
Per-share price for additional tax/exercise disposition
$37.72 per share
Common shares withheld on September 4, 2026 to cover exercise price or tax liabilities
Indirect holdings
1,908 shares
Common shares held indirectly for the reporting person’s children as of September 4, 2026
Single RSU to share ratio
1 share per unit
Each restricted stock unit represents the right to receive one share of common stock after vesting
Initial vesting portion
25%
Portion of each RSU grant that vests on the initial exercisable date
Remaining vesting portion
75%
Balance of each RSU grant that vests in equal quarterly installments over the next three years
Key Terms
Restricted Stock Units, vesting, equal quarterly installments, tax liability
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting, 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.
vesting financial
"represents the right to receive, following vesting, one share of common stock"
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.
equal quarterly installments financial
"remaining 75% vest in equal quarterly installments over the following three years"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What did PEGA’s COO and CFO report in this Form 4?
Kenneth Stillwell reported exercises of restricted stock units into 12,854 shares of common stock on September 4, 5, and 7, 2026, along with share dispositions to cover exercise price or tax liabilities and an indirect holding for his children.
Were these PEGA transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that the transactions were not made pursuant to a Rule 10b5-1 trading plan, so there is no representation that they were pre-arranged under such a plan.
How do the RSUs in this PEGA filing vest?
The filing explains that each restricted stock unit represents the right to receive one share of common stock. 25% of the units vest on the stated 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.
