Pegasystems exec exercises RSUs, pays taxes in stock
Pegasystems Inc. executive John Gerard Higgins reported routine equity compensation activity.
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Pegasystems Inc. executive John Gerard Higgins reported routine equity compensation activity. He exercised 2,278 restricted stock units into common stock and, in a separate transaction, 1,272 common shares were withheld to cover tax obligations at a value of $34.71 per share. Following these transactions, he directly holds 56,463 shares of common stock and 6,836 restricted stock units that continue to vest over time.
Insider Trade Summary
2,278 shares exercised/converted
Exercise
3 txns
Insider
Higgins John Gerard
Role
Chief, Client &Partner Success
| 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 | 1,272 | $34.71 | $44K |
Holdings After Transaction:
Restricted Stock Units — 6,836 contracts (Direct);
Common stock — 56,463 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: 1,272 shares
Exercise shares: 2,278 shares
Share value for tax: $34.71 per share
+2 more
5 metrics
Tax-withholding shares
1,272 shares
Common stock withheld at $34.71 per share on 2026-06-07
Exercise shares
2,278 shares
Common stock acquired via restricted stock unit exercise on 2026-06-07
Share value for tax
$34.71 per share
Value used for tax-withholding disposition of common stock
Post-transaction common shares
57,735 shares
Direct Pegasystems common stock holdings after transactions
Post-transaction RSUs
6,836 units
Restricted stock units remaining after partial vesting and conversion
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, derivative security
4 terms
Restricted Stock Units financial
"The security title for one transaction is listed as "Restricted Stock Units"."
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
"The transaction_action field describes one event as a "tax-withholding disposition"."
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 have transaction_action labeled as "derivative exercise/conversion"."
derivative security financial
"The transaction_code_description notes an "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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Pegasystems (PEGA) report for John Gerard Higgins?
Pegasystems reported that executive John Gerard Higgins exercised 2,278 restricted stock units into common stock. In a related move, 1,272 common shares were withheld to satisfy tax liabilities, reflecting standard treatment of equity compensation rather than open-market buying or selling.
What happened to John Gerard Higgins’ restricted stock units at Pegasystems (PEGA)?
He converted 2,278 restricted stock units into common stock as part of their scheduled vesting. The filing also shows he continues to hold 6,836 restricted stock units, which vest over a remaining three-year period according to the award’s vesting schedule.
Is the Form 4 transaction for Pegasystems (PEGA) a significant insider signal?
The Form 4 reflects routine compensation activity, not discretionary trading. It shows a standard restricted stock unit vesting and tax withholding. Such transactions typically carry limited informational value about the insider’s view of the stock’s prospects compared with open-market buys or sells.
AI-generated analysis. How Rhea-AI works. Not financial advice.
