Pegasystems CPO logs RSU exercise, tax withholding
Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported routine equity compensation transactions.
Rhea-AI Filing Summary
Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported routine equity compensation transactions. He exercised 2,278 restricted stock units into common stock at a stated price of $0.00 per share, reflecting vesting of previously granted awards.
To cover tax obligations, 1,102 common shares were disposed of at $34.71 per share as a tax-withholding transaction, not an open-market sale. After the derivative exercise, his direct common stock holdings were reported as 111,925 shares, and 6,836 restricted stock units remained outstanding.
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Insider Trade Summary
2,278 shares exercised/converted
Exercise
3 txns
Insider
Akgonul Rifat Kerim
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,278 | $0.00 | $0.00 |
| Exercise | Common stock | 2,278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,102 | $34.71 | $38K |
Holdings After Transaction:
Restricted Stock Units — 6,836 contracts (Direct);
Common stock — 110,823 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
Tax-withholding shares: 1,102 shares
Tax-withholding price: $34.71 per share
RSUs exercised: 2,278 units
+4 more
7 metrics
Tax-withholding shares
1,102 shares
Common stock disposed of for tax withholding at $34.71 per share
Tax-withholding price
$34.71 per share
Price applied to 1,102 common shares for tax liability payment
RSUs exercised
2,278 units
Restricted stock units converted into common stock at $0.00 exercise price
Common shares after exercise
111,925 shares
Direct common stock holdings following the derivative exercise transaction
RSUs remaining
6,836 units
Restricted stock units outstanding after the reported transactions
Derivative transactions
1 transaction
One derivative transaction classified as an exercise/conversion
Tax-withholding count
1 transaction
One Form 4 transaction coded F for tax-withholding disposition
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, restricted stock unit award, +1 more
5 terms
Restricted Stock Units financial
"The filing lists "Restricted Stock Units" as a derivative security converted into 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
"A transaction is described with the action "tax-withholding disposition" of 1,102 common shares."
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
"Two transactions carry the action "derivative exercise/conversion" related to restricted stock units and common stock."
restricted stock unit award financial
"A footnote explains that "This restricted stock unit award vested 25% on the Date Exercisable"."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Date Exercisable regulatory
"The vesting schedule references the "Date Exercisable in Table II" in a footnote."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Pegasystems (PEGA) report for Rifat Kerim Akgonul?
Pegasystems Chief Product Officer Rifat Kerim Akgonul exercised 2,278 restricted stock units into common stock and had 1,102 shares disposed of for tax withholding. These are routine compensation-related transactions rather than open-market buying or selling activity.
Was the Pegasystems (PEGA) Form 4 transaction an open-market sale?
No. The Form 4 shows a tax-withholding disposition of 1,102 common shares at $34.71 per share. This covered tax obligations on vested equity and is classified as a non-market transaction, not a discretionary open-market sale by the executive.
What equity awards were involved in the Pegasystems (PEGA) Form 4 for Akgonul?
The filing involves restricted stock units that convert into common stock on vesting. Akgonul exercised 2,278 restricted stock units into common shares, at a stated $0.00 exercise price, consistent with stock-based compensation granted previously by Pegasystems.
How many restricted stock units remain for Pegasystems (PEGA) executive Rifat Kerim Akgonul?
Following the reported transactions, the Form 4 shows that Rifat Kerim Akgonul holds 6,836 restricted stock units. Each restricted stock unit represents the right to receive one Pegasystems common share after the applicable vesting conditions are satisfied.
What does the tax-withholding disposition mean in the Pegasystems (PEGA) Form 4?
The tax-withholding disposition represents 1,102 shares used to satisfy tax liabilities triggered by vesting or exercise of equity awards. The company effectively withholds these shares at $34.71 per share rather than the executive selling them in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
