Pegasystems SVP exercises RSUs, pays taxes in stock
Pegasystems SVP and Chief Accounting Officer Efstathios Kouninis exercised 332 restricted stock units into common stock on June 7, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Pegasystems SVP and Chief Accounting Officer Efstathios Kouninis exercised 332 restricted stock units into common stock on June 7, 2026. To cover tax obligations, 81 shares of common stock were withheld in a tax-related disposition. Following these routine compensation transactions, he holds 3,126 common shares directly and 998 unvested restricted stock units that continue to vest over time.
Insider Trade Summary
332 shares exercised/converted
Exercise
3 txns
Insider
KOUNINIS EFSTATHIOS A
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 332 | $0.00 | $0.00 |
| Exercise | Common stock | 332 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 81 | $34.71 | $3K |
Holdings After Transaction:
Restricted Stock Units — 998 contracts (Direct);
Common stock — 3,126 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. This restricted stock unit award vested 25% on the Date Exercisable in Table II, with the remaining 75% vesting in equal quarterly amounts over the remaining 3 years.
Key Figures
RSUs exercised: 332 shares
Tax-withholding shares: 81 shares at $34.71
Shares held after transaction: 3,126 shares
+2 more
5 metrics
RSUs exercised
332 shares
Restricted stock units converted to common stock on June 7, 2026
Tax-withholding shares
81 shares at $34.71
Shares delivered to cover tax liability on June 7, 2026
Shares held after transaction
3,126 shares
Direct common stock ownership after Form 4 transactions
RSUs remaining
998 units
Restricted stock units outstanding after the reported conversion
Exercise price for RSUs
$0.00 per unit
Conversion of restricted stock units into common stock
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Date Exercisable
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.
Date Exercisable financial
"This restricted stock unit award vested 25% on the Date Exercisable in Table II, with the remaining 75% vesting in equal quarterly amounts."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Pegasystems (PEGA) SVP Efstathios Kouninis report on this Form 4?
Efstathios Kouninis reported routine equity compensation activity. He exercised 332 restricted stock units into Pegasystems common shares and had 81 shares withheld to satisfy tax obligations, leaving him with 3,126 directly held shares after the transactions.
What restricted stock unit activity did Pegasystems (PEGA) disclose for Efstathios Kouninis?
The filing shows 332 restricted stock units converted into Pegasystems common stock at a $0.00 exercise price. Footnotes explain each RSU converts into one share upon vesting, with the award vesting quarterly over a four-year schedule.
How many restricted stock units remain for Pegasystems (PEGA) SVP after this Form 4?
Following the reported conversion, Efstathios Kouninis has 998 restricted stock units outstanding. These units represent additional potential Pegasystems common shares that will be delivered as they vest under the award’s remaining schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
